Ex-BoJ’s Ishida: BoJ could reduce stimulus before achieving 2% inflation target

Reuters is out with the latest comments from the former Bank of Japan (BoJ) monetary policy board member Ishida, as he says that the Japanese central bank could reduce stimulus before achieving 2% inflation target.

Additional comments:

BoJ's efforts to make its stimulus more sustainable were long overdue.

BoJ's prolonged easy policy has pushed forward the timing of banking sector consolidation.

Steps to make policy flexible long overdue.

Inflation target a mechanism, not goal, of monetary policy.

BoJ won't rush in the steepening yield curve.

Japan's banking system prone to consolidation.

BoJ's credibility will be hit if it incurs losses.