Giving a super-clear predictability on the course of monetary policy will not be good for any central bank.
More Quotes from Masuhisa Kobayashi:
The fact that BOJ acted in the face of resistance from certain government officials and politicians means the market must now focus its attention on the central bank rather than the government.Masuhisa Kobayashi
Japan's growth prospects look more promising and we are on the threshold of an end to deflation. Yields are set to increase.
Masuhisa Kobayashi
Inflation concerns are going to push up bond yields. Ten-year yields will rise to 2 percent in the first quarter.
Masuhisa Kobayashi
There are political pressures from the government and the ruling parties, but the BOJ will lose its credibility as a central bank in the market if it fails to act on its commitment.
Masuhisa Kobayashi
Both the U. S. Federal Reserve Board and the European Central Bank have continued to raise interest rates in a businesslike manner regardless of political interference. Why can't the BOJ do that.
Masuhisa Kobayashi
As the government is growing increasingly receptive to the idea of a policy shift, the central bank could very well change policy as early as March 9.
Masuhisa Kobayashi
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