BOJ deputy governor Masazumi Wakatabe speaks in parliament
- Not thinking about buying Treasuries for monetary policy
- Sees some problems with the BOJ purchasing Treasuries
- Market participants trust Japan's fiscal policy
- BOJ bond buying isn't to finance the government
- 2% inflation target remains a distant
- Too early to talk about specifics of any exit
Wakatabe is seen as the big dove among the trio of Kuroda, Amamiya, and himself. He's an advocate for further easing of monetary policy should there be a need to and he's open for the BOJ to adopt more policy tools in easing.
His comments here doesn't offer much.
