BOJ’s Kataoka: Cutting short-term rate target is most effective tool in stimulating economy

Dhwani Mehta FXStreet

The Bank of Japan (BOJ) monetary policy board member and dissenter Kataoka is back on the wires now, commenting on various options likely as the next monetary policy outlook.

Key Quotes:

Cutting short-term rate target is the most effective tool in stimulating the economy, lifting inflation.

Will look at various factors, including side-effects of prolonged easing, in deciding whether to formally propose cutting short-term rate target at future rate reviews.

Looking at the current state of the yield curve.

Very important to hit price target quickly.

Would make policy proposal after sufficient mulling.

The USD/JPY pair remains unimpressed by the BOJ-speak, as it keeps its range around the 106 handle.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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