He wants to achieve the target ASAP but various institutions must work together to achieve it
- Kiuchi and Sato says they need to see a growth strategy first and that the 2% target is too high
- BOJ independence must be preserved
- Need to monitor currency developments and its impact on the economy
- Cutting excess reserve rates cut lower banks profits
- Abnormal for BOJ to ease 4 times in 5 months
- Reserve rates and current key rate are the best mix
- BOJ maintains desirability to see inflation at 2%
- Becoming more likely that Japanese economy will recover in 2013.
Bloomberg reporting
