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