One of nine members of Bank of Japan Takehiro Sato said on Thursday that foreign investors are quite disappointed with the rate of reforms announced by Japan prime minister Shinzō Abe. This is a unique case of critics of Japanese government from one of the central bank governors. Sato (ex-economist of Morgan Stanley) is skeptical about official goal by the bank of Japan to keep inflation under 2% during the next two years which he refused to vote for. What is more, Sato is against the rush regarding further monetary policy reduction saying that such kind of actions will cool down Japan inflation expectations because it will be possible to predict that Bank of Japan lost faith in own strategy.
