Thursday, October 31, 2013
DJ: BOJ Gov Says 3 Board Members Refused To Endorse Latest Forecast Report
TOKYO--Bank of Japan Gov. Haruhiko Kuroda said Thursday that three of the central bank's nine board members refused to endorse its latest growth and price forecast, a sign of a split among policy makers at the central bank.
Board member Sayuri Shirai proposed that the central bank put more emphasis on downside risks to the country's economy, Mr. Kuroda said at a news conference after the central bank released its latest three-year growth and price outlook.
Ms. Shirai "probably saw the need for us to pay closer attention to risks" mentioned in the report, Mr. Kuroda said.
He also said that Takahide Kiuchi and Takehiro Sato opposed to backing part of the language in the report that said there is a "high possibility of the Japanese economy achieving a price increase of around 2% over the latter half of the projection period."
The proposals by the board members were all voted down, Mr. Kuroda said.