BOJ’s Funo: There is possibility inflation won't reach 2% before Gov Kuroda's term ends in April 2018

The BOJ board member Funo is back on the wires now, via Reuters, providing further insights on the bank’s monetary policy program.

Key Points:

No need to change long term targets

Yield curve control has positive impact on economy

Side effect of policies could hit bank profits

There is possibility Japan inflation won't reach 2% before Gov Kuroda's term ends in April 2018