BOJ's Kataoka calls for more easing to achieve inflation target

Omkar Godbole FXStreet Contributor

Bank of Japan (BOJ) policymaker Kataoka, while speaking at a meeting with business leaders in Okayama, said the central bank must ease more to achieve the 2 percent inflation target.

Key comments

Japan is still quite distant from mulling shift from easy policy
Premature tightening could push Japan back into deflation
Sales tax hike in 2019 may put downward pressure on prices
Probability of inflation hitting 2% during fiscal year 2019 is low

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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