- BoJ's board member Kataoka: Japan's economy is heading toward recovery but not fast enough
Market news
2 September 2021
BoJ's board member Kataoka: Japan's economy is heading toward recovery but not fast enough
- Japan's economy is heading toward recovery but not fast enough
- Japan's economy is likely to recover as a trend
- Risks to Japan's economic outlook are skewed to downside
- Downward pressure on Japan prices is easing but inflation far from accelerating toward BoJ's 2% target
- Japan's economy is lacking momentum to push up inflation toward 2% target
- BoJ will ease further without hesitation if needed
- My personal view is that BoJ should aggressively buy bonds, push down yields to prop up capex, investment in growth areas
- BoJ must strengthen forward guidance on interest-rate targets
- BoJ must ramp up bond buying for the purpose of pushing down short- and long-term rates
- Given economic developments, personally see a need to take bolder steps on monetary policy
- BoJ will seek to address various problems while focusing on hitting its price target
- Japanese government and BoJ must communicate sufficiently in guiding policy
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