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- BOJ board member Kataoka: Japan still a long way from end to ultra-easy policy
BOJ board member Kataoka: Japan still a long way from end to ultra-easy policy
Any additional easing will use three tools: interest rates, quality of asset purchases, and quantity of asset purchases
Watching carefully the risk of prolonged low-rate environment
BOJ must show determination to do whatever it takes to hit price target
Even if monetary policy is loose, it will take a very long time to hit price target
Both monetary and fiscal policy is needed to reach inflation target
BOJ must take bolder steps to reach inflation target sooner
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