Ex-BOJ’s Kiuchi says 2% inflation target is not appropriate

Ex-BOJ board member Kiuchi  speaking in Tokyo 22 Sept

  • JGB bubble is side effect of BOJ easing
  • it’s impossible for BOJ to exit easing with no damage
  • BOJ may target shorter-term yield, shift from 10-yr

More of the same from Kiuchi. He was calling for a shift to 3-5 year yield target back in August as Eamonn reported here and was a regular dissenter at the BOJ.

    Kiuchi — BOJ 2% target not appropriate

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