• rising wages and rising growth expectations are ideal way to achieve inflation
• cannot reach 2% inflation quickly simply by narrowing output gap
• Japan headed in right direction to end deflation
• Board member Shirai’s call for more easing is aimed at clarifying BOF stance on boosting economy
• falling yen and rising stocks helping to improve sentiment in Japan
• CB’s independence must be preserved to ensure fiscal discipline ( message to Abe there ???)
• if BOJ is seen monetising govt debt , could hurt real economy through long-term rate hikes
• no comment on BOJ’s nominees views on mon pol
• BOJ aiming for sustained growth while examining imbalances in economy
• achieving 2% inflation primarily via higher inflation expectations could result in higher bond yields and hurt financial system
• uncertainty remains high on situation surrounding economy
• too early to say if world economy has shaken off impact of economic bubbles