http://www.bloomberg.com/news/2014-10-06/boj-majority-said-to-favor-ditching-2-year-price-timeline.html
The Bank of Japan marked down its assessment of industrial production as dissent spread on the outlook for inflation.
Board member Sayuri Shirai objected to policy-statement language that says inflation expectations “appear to be rising on the whole,” saying instead they’re on “an uptrend from a somewhat longer-term perspective.”
Another board member, Takahide Kiuchi, has since last year been voting alone against committing to a timeframe of about two years to achieve the BOJ’s 2 percent inflation target. Shirai stopped short of joining him at today’s gathering.
Her comments reflect signs of a waning impact on consumer prices from Governor Haruhiko Kuroda’s unprecedented monetary stimulus unleashed last year. Stripping out the impact of a sales-tax increase and fresh food, prices increased 1.1 percent in August from a year before. A majority of board members now favor ditching the two-year timeframe at some point, Bloomberg News reported before today’s policy announcement, citing people familiar with the discussions.
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