A BOJ former executive director, who was also the bank’s chief economist, Hideo Hayakawa:

  • BOJ should start to taper soon
  • BOJ could declare victory vs. deflation by year-end
  • BOJ should drop the 2-year timeframe and keep the 2% target
  • Rising labour costs will keep inflation above 1%

He was speaking in an interview, Headlines on Bloomberg.

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BOJ taper soon? I don’t think so.