BOJ dep gov Wakatabe: BOJ policy is producing results

Bank of Japan Deputy Governor Masazumi Wakatabe in the Diet

  • BOJ policy is in the right direction
  • BOJ policy is producing results 
  • want to keep current policy framework, strengthen it if possible to meet the 2% inflation target

I described Wakatabe as ” a strong advocate of aggressive monetary easing, he’d also like more fiscal spending”

So, yeah …. if he wants more easing that’d be true to form

earlier today, a wee bit of encouragement for the BOJ from inflation:

I’d be surprised if they were turning cartwheels, but maybe a small grin breaking out from the grimaces. Hard to tell though prob’ly.

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