Ryan had the headline's: BOJ noob Harada not keen on 2 year target for inflation

Yutaka Harada replaced Ryuzo Miyao on the Bank of Japan policy board

The Nikkei follows up this morning in Tokyo:

  • Harada's remarks suggest his thinking is largely in line with the BOJ's official position
  • He called the Oct. 31 increase in quantitative easing firepower "a sound decision
  • Harada showed some wiggle room on the timespan for reaching the BOJ's target of 2% inflation
  • Harada avoided saying exactly when he thinks price growth will hit the mark