Japan is poised to exit more than a decade of deflation as a strengthening yuan bolsters China’s buying power, fueling Japanese production and buoying prices, according to Nomura Holdings Inc.
Federal Reserve policy makers meet for the first time under Chair Janet Yellen, who has pledged to continue gradual reductions in monthly bond buying as long as the U.S. economy improves.
Takahide Kiuchi, the Bank of Japan board member most openly critical of its monetary policy, said the central bank may come under pressure to expand unprecedented easing, doing more harm than good to the economy.
The Bank of Japan maintained its unprecedented easing and forecast inflation will reach its target, even as some board members cautioned that the price outlook was too optimistic.
"The economy is more of a decisive factor than the BOJ in getting us to a state of stable inflation in a desirable manner."
- Takahide Kiuchi on Jul 21, 2014