Ex-BOJ member says that central bank should abandon negative rates immediately

Ex-BOJ member Kazuo Momma on the wires

• Says BOJ should abandon YCC immediately as well
• Says BOJ may fail to end easing policy for years unless it drops insistence on meeting 2% price target

Momma previously oversaw the BOJ's monetary policy drafting and international affairs until May 2016. The comments above were from an interview he had with Reuters.

I can't speak for the BOJ itself but considering how far they come in the last decade and the fact that price is nowhere near the 2% target, it really is about time for a re-think in policy targets.