BOJ's Funo - next easing may not be a rate cut

Bank of Japan board member Yukitoshi Funo was back on the wires stating the next policy easing may not necessarily be a rate cut.

Funo added the negative interest rate policy (NIRP) has limits and the central bank is not targeting the FX rate, though it is one channel of the monetary policy.

Earlier today, Funo also warned of hit to Japanese exports due to emerging market slowdown