BoJ board divided ahead of new governor appointment

takehiro-sato
Dissenter: Takehiro Sato

A 2% inflation target is impractical and could be damaging to the Bank of Japan's credibility, according to members of the central bank's policy board who voted against the decision to adopt the new target on January 22.

Minutes published today reveal that "a few members" expressed misgivings about the move at the monetary policy meeting in January. Takehiro Sato and Takahide Kiuchi ultimately voted against a change of target, but were overruled by their seven colleagues.

The minutes noted

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: