TOKYO, Jan 30 (Reuters) - A panel of academics and
business executives on Monday urged the Bank of Japan to make
its 2% inflation target a long-term goal, instead of one that
must be met as soon as possible, in light of the rising cost of
prolonged monetary easing.
In the proposal, the panel also called for the need to have
interest rates rise more in line with economic fundamentals, and
normalise Japan's bond market function.
The panel includes members such as Yuri Okina, who is
considered as among candidates to become next BOJ deputy
governor.
(Reporting by Yoshifumi Takemoto and Leika Kihara; Editing by
Kim Coghill)
Messaging: leika.kihara.reuters.com@reuters.net))
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