Good Luck with that one pumpkin
- Seeking 3% inflation in Japan is unrealistic (that’s what I’ve been sayin)
- BOJ already buying massive amount of JGBs
- History shows importance of maintaining a central bank’s independence
- BOJ underwriting govt debt would lead to reckless money printing
- No central bank of advanced economies underwrites govt debt
- Sees no need to change economic scenario in outlook report
- Setting negative rates could discourage banks from seeking funds from BOJ in market operations
- Japan economy still on track to recover due to expected rebound in overseas economies
- Bond yields may spike, hurt economy if BOJ’s JGB buying is interpreted as debt monetisation
- Japan domestic demand likely to improve as overseas economies recover
- BOJ will continue to seek ways to revive growth but structural reforms to boost economy’s potential also important
- Any debate on revising BOJ law must be done with caution, spending good amount of time
- Must monitor if fallout from Japan-China tensions will worsen
