BoJ Deputy Governor Himino says takes some time for policy to have an impact on the economy

Says:

• Pass-through from oil prices to downstream goods has progressed somewhat rapidly.
• Recent easing of Middle East tensions doesn't deviate much from their April outlook.
• Accommodative conditions are expected to continue.
• Risks of price overshoot could materialise if there is a delay in the necessary adjustment in the degree of monetary easing. 
• Will closely monitor impacts that raising policy interest rates may have on businesses and households.