BoJ senior official: boj hopes to maintain powerful monetary easing to support economy

 BoJ senior official: labour shortage not becoming strong constraint on Japan's economic growth.

Key notes

• Public, private sectors must make efforts to boost productivity so economy can achieve strong, sustainable growth.
• Japan's oct-dec GDP may have contracted sharply due to overseas slowdown, sales tax hike impact and hit from natural disasters.
• Japan's economy likely to sustain moderate expansion as a trend on robust CAPEX, govt spending.
• Must be vigilant against various risks such as chance coronavirus outbreak could affect inbound tourism, production.
• BoJ hopes to maintain powerful monetary easing to support economy.