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BoJ’s Kataoka: BoJ must focus on ways to hit 2% inflation target

Bank of Japan (BoJ) board member Kataoka was reported by Sankei newspaper earlier today, as saying the following on the central bank’s monetary policy programme.

Pushing down 15-year JGB yields below 0.2% would have much bigger stimulus affect them pushing down short-term rates.

Must avoid a situation where BoJ forced to continue current easing for a long time, thereby hurting the financial system.

No need to think about exit strategy now, BoJ must focus on ways to hit 2% inflation target.

BoJ needs to take additional easing steps as inflation won't reach 2% around fiscal 2019.

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