Comments by Koji Fujiwara, chairman of the Japanese Bankers Association

  • BOJ must be mindful of the demerits of prolonged negative rate policy
  • Suggests BOJ to adopt a target range for prices, instead of a 2% target
  • BOJ should cautiously take steps to make room for future monetary easing

Even their own banks realise what's wrong with the present situation, although their view is mostly biased considering that the negative rates at the moment are eating into banks' profitability.