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The Bank of Japan (BoJ) monetary policy board member and a consistent dissenter Kataoka is back on the wires now, via Reuters, addressing the press conference.

Main Headlines:

Japan still a long way from end to ultra-easy policy.

Watching carefully the risk of prolonged low-rate environment.

Any additional easing will use three tools.

Namely interest rates, quality of asset purchases, and quantity of asset purchases.

BOJ must show determination to do whatever it takes to hit price target.

Even if monetary policy is loose, it will take a very long time to hit price target.

Both monetary and fiscal policy is needed to reach inflation target.

Both policies need to be on the same page.

Must think of ways on how to achieve such measures.

BoJ must take bolder steps to reach inflation target sooner.