BOJ's Kataoka calls for more stimulus to hit price goal early

Bank of Japan board member Goushi Kataoka said on Wednesday the central bank mus...

FILE PHOTO: Bank of Japan new policy board members Goushi Kataoka attends a news conference at BOJ headquarters in Tokyo, Japan July 25, 2017. REUTERS/Issei Kato

Kataoka, a vocal advocate of aggressive easing, also said the BOJ and the government must enhance cooperation to heighten the public’s inflation expectations and ensure Japan puts a decisive end to deflation. The BOJ should take stronger monetary easing steps to achieve its 2 percent inflation target quickly because the longer it maintains the current framework, the more difficult an exit from ultra-loose policy will become, Kataoka said.

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