BoJ deputy governor nominee Masazumi Wakatabe in upper house confirmation hearing:
- “There are various things the BOJ can do under its yield curve control policy. It can strengthen its existing tool kit, or could come up with a new policy.”
- “The BOJ shouldn’t be bound by a set timeframe” for meeting the 2% inflation target.
- “Its policy should be data-dependent, not date-driven.”
- Planned sales tax hike in fiscal 2019 is the important considering on whether more easing is needed
Another deputy nominee Masayoshi Amamiya said in the same occasion:
- BoJ has ample tools for smooth stimulus exit when time comes.
- But there is still a distant to 2% inflation target.
- BoJ needs to continue with powerful monetary easing patiently
