Expert: BOJ Policy Assessment Targets Side Effects

The Bank of Japan kicked off a two-day policy meeting on Thursday, after which it will announce the assessment of its policy tools. The BOJ wants to make its easing measures more effective and sustainable to help realize its price stability target of two percent. However, former BOJ policymaker and current Executive Economist at Nomura Research Institute Kiuchi Takahide told NHK World's Yanaka Marie that the central bank is aware that there are more pressing issues than accomplishing the inflation target. Kiuchi gives us his insight on what the BOJ really hopes to achieve through its policy review.