BOJ Summary of Opinions: Policy set to up momentum towards 2% CPI
|According to the BOJ Summary of Opinions from its October meeting, the current policy is set to up the momentum towards the 2% CPI target.
Headlines
Hastening price target would cause side-effects
Costs of additional easing bigger than benefits
Current policy is most appropriate one with uncertainty over its effect smallest
Must monitor effect of current policy as taking extreme steps to quicken achievement of target could cause side-effects
Taking additional monetary easing now would have more demerits than merits
Must look at effects, costs from various perspective regarding BOJ's buying of risky assets, such as ETFs
Not surprising if BOJ lags behind Federal Reserve , ECB in exiting ultra-easy policy
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