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.