Kiuchi speaking on Bloomberg TV

  • BOJ may reach limit on JGB buying in middle of 2018
  • Limit could be reached earlier if BOJ increases buying for YCC

(Note, the JGB buying for YCC has decreased, so far at least ... the target is 80tln yen and its running well under this YTD)

More:

  • 2% inflation goal is unachievable in foreseeable future
  • 2% target not appropriate
  • Govt should accelerate structural reforms
  • BOJ should begin policy normalisation process

--

Takahide Kiuchi's term on the Bank of Japan monetary policy board ended after the July meeting. He was a persistent dissenter:

  • opposed the BOJ expanding easing
  • opposed the negative interest rate policy
  • opposed the 10-year Japanese government bond yield target of around zero percent