The squidsters have found a surprise in yesterday's Bank of Japan goings on!
But first, they go over the decision and main points (I covered these yesterday, here: BOJ announce no change in policy, as expected)
GS then discuss the dissent from new board member Goushi Kataoka, which:
- came as somewhat of a surprise given we had expected him to vote along the same lines as other reflationists on the Board
(GS notes these are Deputy Governor Kikuo Iwata and board member Yutaka Harada, who to date have consistently voted in support)
And add:
- Nevertheless, voting has moved one step closer to being unanimous post the departure of Takahide Kiuchi and Takehiro Sato from the BOJ.
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So ... it looks as if 'no change' will be the case for some time to come from the BOJ.
