The Bank of Japan (BoJ) monetary policy board member and a dissenter Kataoka is on the wires now, via Reuters, making some comments on the central bank’s monetary policy.
“Disagree with view BoJ should persistently continue easy policy to achieve price goal.
Prolonging easy policy would heighten uncertainty over prospects for hitting price goal.
The longer current policy is sustained, hurdle for exit would heighten and costs of monetary easing would accumulate.
BOJ must seek to achieve price goal at early date to prevent its easy policy from being prolonged.
Personally think economy’s momentum for hitting price goal is not heightening.
Improvement in output gap could slow given outlook on economy.
BOJ must strengthen monetary easing when there is significant gap between inflation and BOJ’s price goal.”