Bank of Japan monetary policy board member
The chap is a consistent dissenter, so not a surprising view
More:
- Disagree with view BOJ should persistently continue easy policy to achieve price goal
- Prolonging easy policy would heighten uncertainty over prospects for hitting price goal
- The longer current policy is sustained, hurdle for exit would heighten and costs of monetary easing would accumulate
- BOJ must seek to achieve price goal at early date to prevent its easy policy from being prolonged
- Personally think economy's momentum for hitting price goal is not heightening
- improvement in output gap could slow given outlook on economy
- BOJ must strengthen monetary easing when there is significant gap between inflation and BOJ's price goal
That last comment … what is he on about? Conflicts with his earlier remark.
We'll here more from Kataoka during his press conference, scheduled for 0530GMT
