BoJ’s Kataoka dissents from view that inflation will accelerate toward 2%

BoJ board member and the dissenter Kataoka reiterated that the central bank needs to buy JGBs so yield for the duration of 10 years or longer falls further.

Additional Comments:

BoJ should clarify it will ease further if domestic factors delay achievement of price target.

Dissents from view that inflation will accelerate toward 2 pct.