April 30, 2014 4:45 pm JST

Kuroda: Kiuchi, Sato, Shirai express dissent to outlook report

TOKYO (Dow Jones) -- Bank of Japan Gov. Haruhiko Kuroda disclosed at a press conference on Wednesday that three policy board members expressed dissent to parts of the central bank's semiannual outlook report released earlier in the day.

   Sayuri Shirai, Takehiro Sato and Takahide Kiuchi were opposed to parts of the report, although each proposal was voted down by other board members, he added.

   While Mr. Sato and Mr. Kiuchi opposed wording in the outlook report expressing a high chance of inflation attaining the BOJ's 2.0% target in the middle of the projection period, Ms. Shirai opposed to the timing of hitting the target, proposing that it should be late in the period covering the end of March 2017, Mr. Kuroda said.

   The three members also expressed opposition to previous outlook report in October.

   Mr. Kuroda repeated the central bank "won't hesitate to make adjustment to its policy" if it becomes difficult to achieve its 2.0% target when risks factors come to a head.

   The BOJ's nine board members unanimously decided to maintain the amount of money the central bank pumps into the economy at Y60 trillion-Y70 trillion a year.