Policy Board: Boj and Goushi Kataoka

policy board: Haruhiko Kuroda and his Policy Board left its target interest rates and asset-purchasing program unchanged, a decision expected by all 45 economists surveyed by Bloomberg, according to The Japan Times. The vote was 8-1, with Goushi Kataoka objecting. ; Kataoka argued that there was little chance of reaching the BOJ's inflation target by the projected time frame of around fiscal 2019, according to the central bank's policy statement. Still, BOJ Gov. He said the effects of the current yield curve program weren't strong enough, though inflation was likely to continue rising for the time being due to oil prices and foreign-exchange rates. In November 2016, he argued that the BOJ should have expanded its easing, just two months after the implementation of the yield curve control program. The BOJ statement didn't mention any policy suggestions from Kataoka, an economist who advocates expansionary fiscal and monetary policies. (news.financializer.com). As reported in the news.