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Bank of Japan minutes show varied dissent on 2% inflation target, growth

Economic IndicatorsMay 25, 2014 08:44PM ET
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BoJ minutes show dissent

Investing.com - Three of the Bank of Japan's nine board members wanted to separately revise growth and inflation outlooks, including emphasizing downside risks and setting a timeframe for easing, minutes of the April 30 policy meeting released Monday showed.

Takahide Kiuchi and Takehiro Sato repeated objections to the outlook that inflation will be raised to and anchored around 2% in 2015.

Sato said that inflation "is likely to follow a rising trend again from the second half of this fiscal year."

Kiuchi continued to propose that the BOJ should maintain the high degree of easing only during the two-year period from April 2013. His views were rejected by the majority.

Sayuri Shirai disagreed on the timing for reaching the 2% target and proposed that the target would be achieved "toward the end of the projection period through March 2017." Her proposal was rejected by the majority.

Bank of Japan minutes show varied dissent on 2% inflation target, growth
 

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