BOJ's Kataoka says 2% inflation is hard to foresee

Kataoka is a persistent dissenter at Bank of Japan policy board meetings, he wants more easing than his colleagues.

• hard to foresee inflation approaching 2% given pace of economic recovery will be modest
• BOJ will take additional easing steps without hesitation with eye on pandemic impact, including re-extending credit programmes
• expect Japan's price growth to stagnate for prolonged period of time
• personally believe the BOJ must strengthen easing via YCC, policy commitment
• At the MArch review the BOJ must examine and explain its policy strategy taking into account a lack of prospect for achieving its price target
• BOJ must buy bonds aggressively, lower short and long-term rates to prompt investment into growth areas