BOJ board member Kataoka speaks in Yokohama
- Doesn't see any significant demerits emerging from easing policy
- BOJ's July decision is neither an expansion or withdrawal or stimulus
- It is more of a strengthening of framework
- ETF purchases are market dependent
- It depends on risk premium situation
- Doesn't see problems in financial markets now
Kataoka is the perenial dove on the board and has been calling for additional easing since forever, so his comments here aren't anything new really.
