The prospects of meeting the Bank of Japan's inflation target of 1 percent in next fiscal year is highly uncertain, Takahide Kiuchi, one of the two new members appointed to the central bank's policy board, reportedly said Tuesday.
Kiuchi said more policy easing is needed to beat deflation. Takehiro Sato, another board member, said it is ideal to raise inflation expectations. The members' appointments were formally approved by the government earlier in the day. They replaced Seiji Nakamura and Hidetoshi Kamezaki, whose terms expired in April.
Kiuchi has served as a chief economist at Nomura Securities, while Sato was working as chief economist at Morgan Stanley MUFG Securities.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.