BoJ’s Kataoka: Currently chance of inflation rising toward 2% is low

The BoJ board member and the only dissenter Kataoka is reported as saying 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.

Currently, chance of inflation rising toward 2 pct is low.