Summary of opinions of the October meeting

  • Should continue current easing
  • Not surprising if BOJ lags behind ECB and FED
  • Additional easing could cause more side than positive effects
  • Side-effects of ETF purchases should be examined from every angle.
  • Kataoka, the dissenter, proposed to target 15-year JGB yields at below 0.2% and a commitment for further easing if there is a delay in the expected time frame for achieving the inflation target ( there we go, dissenting doesn’t mean do less but MOAR!)
  • Here’s the link
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