BOJ’s Kataoka: ‘Personally, feel need for additional monetary easing has increased’
|Additional headlines are crossing the wires from the Bank of Japan (BOJ) monetary policy board member and dissenter Kataoka, as found below.
Personally, don't think the economy's momentum for hitting price target is heightening.
Personally, feel the need for additional monetary easing has increased.
Many central banks are shifting towards an accommodative easing stance, which could have some effect on the global economy.
If BOJ were to ease again, it needs to scrutinize benefits, costs of doing so and respond to any problems that may arise.
Don’t need to be too rigid about the range in which BOJ allows long-term yields to fluctuate.
Some global economic risks are materialising, already having some effect on Japan’s economy.
BOJ must act in a forward-looking manner, shouldn't wait until the economy worsens in taking action.
Can't say by how much BOJ should cut interest rates if it were to deepen negative rates
Strong yen would have negative impact on Japan's manufacturers, BOJ's efforts to hit price target.
Don't think single step will be enough for japan to sustainably exit deflation.
Can't be too optimistic about impact sales tax hike could have on household spending as consumer sentiment is already weakening.
His comments contradict Governor Kuroda’s rhetoric that despite heightening risks, Japan’s economy is sustaining momentum to achieve the central bank’s price goal. USD/JPY gains further upside traction on the dovish comments, now hitting fresh session tops near 106.15 region, up +0.17% on the day.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.