Masazumi Wakatabe: Prematurely shifting the BOJ’s easy policy could pull Japan back to deflation

A nominee for BOJ deputy governor Masazumi Wakatabe: Said in confirmation hearing at lower house:

• What’s most important is to make a full exit from deflation.
• The BOJ’s 2 percent inflation target is effective and meaningful for this purpose.
• Prematurely shifting the BOJ’s easy policy could pull Japan back to deflation.