BoJ Dep Gov Nominee Wakatabe: BoJ can learn from BOE, ECB, Fed on exiting easing policy

Additional headlines crossing the wires from BoJ deputy governor nominee Wakatabe, as he continues to speak at the confirmation hearing.

There are no limits to monetary policy

The effects of the lost decades are very deep.

Deflationary mindset is still entrenched among the public.

BOJ owns about 40% of JGBs.

2014 sales tax hike may have hampered BOJ target.

Prices and wages relationship is very important.

BOJ should create conditions for companies to raise pay.

Declines to say whether or not there should be a time frame for 2% inflation target to be hit.

BOJ can learn from BOE, ECB, and Fed on exiting easing policy.

Fiscal policy is the preserve of the government.

Refuses to comment on 2019 sales tax hike.