Comments from ex-BOJ Kiuchi crossing - BOJ may change 10-yr yield target to 3-5 yrs

Seeing these via Twitter, from ex-BOJ Kiuchi

• BOJ may start normalizing if govt, boj shift
• BOJ may change 10-yr yield target to 3 -5 yrs
• BOJ not closely monitoring easing side-effects
• BOJ is behind inomralising policy, must start now

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Former BOJ board member Takahide Kiuchi. Kiuchi was a regular dissenter at the BOJ, so his thoughts should come as little surprise. He was on the wires last week with similar remarks:

• Former BOJ Kiuchi: BOJ cannot continue to purchase JGBs forever

And, this week:

• BOJ playing dangerous game with easing - Kiuchi

I reckon there is something to his comments though, he joins a growing chorus calling for change in BOJ policy. This from yesterday, for example:

• Former BOJ Iwata: BOJ should slow JGB purchases to 40tln yen