Key points in comments from BOJ Kuroda and Sato

Two key speaker from Bank of Japan (BOJ) shared their views today. In October 2014, while one of them (Kuroda) voted for additional monetary stimulus, other (Sato) dissented.

Bank of Japan (BOJ) board member Takehiro Sato, warned that the central bank could cause distortions in the economy, if it focuses too much on price indicators.

• According to him, consumers are already worried on inflation rising too fast, especially for the goods they buy regularly. BOJ's own inflation gauge is probably undermining that.

• Mr. Sato, believes, with time, effectiveness of asset purchase will diminish and side effects will rise. Moreover current pace of purchase at ¥ 80 trillion per year, isn't sustainable, due to supply limit.

• He will dissent any further stimulus.

On the other hand, Governor Kuroda has been as optimistic as ever.

• According to him, BOJ's qualitative and quantitative purchases having their intended effects. Banks are increasing loans to real economy, while yields drop across curve. However he dissented any negative rates.

• However, Mr. Kuroda expressed worries over stringent US regulatory environment and introduction of Volcker rule. According to him, it might affect global financial markets and economies as banks retreat from their market making rule.

From the comments from two key policymakers, it doesn't look like that the bank is in no hurry over further policy easing.

Yen is currently trading at 123.3 per Dollar.