Economics
Earliest BOJ Shift May Come in Mid-2023, Ex-Board Member Says
- Staunch dove Kataoka says inflation could come with wage gains
- Doesn’t think tightening will come before end of Kuroda’s term
A pedestrian walks past the Bank of Japan headquarters in Tokyo.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
The Bank of Japan could start normalizing policy as soon as the middle of next year, according to a recent former board member known for his strong support for aggressive monetary easing.
“It’s possible that inflation accompanied by wage growth will be confirmed by then,” said Goushi Kataoka, who left his position at the bank in July after a five-year stint. “But it’s a narrow path. It would almost be a miracle.”