HIGHLIGHTS-Key quotes from BOJ chief Kuroda's news conference
TOKYO Oct 31 (Reuters) - Three Bank of Japan board members dissented against the central bank's latest semi-annual report on the economy, objecting to the bank's time frame for achieving its 2 percent inflation goal or citing stronger downside risks to the economy, BOJ Governor Haruhiko Kuroda said on Thursday.
Among the board's nine members, Takahide Kiuchi and Takehiro Sato disapproved of the report's forecast that Japan will see 2 percent inflation around the end of fiscal year 2014 through fiscal 2015.
Another board member, Sayuri Shirai, proposed emphasising more downside risks to the economy.
Following are key quotes from Kuroda's news conference after the policy meeting:
"Board members Sato and Kiuchi had previously voted against the view that a 2 percent price stability goal could be met towards the latter half of the forecast periods, and they voted against it this time as well for the same reason.
"Board member Shirai argued that the outlook report on the economy and prices should be described in a way that is easier to understand. She proposed modifying the description focusing more on downside risks."
"As we have been steadily implementing the quantitative and qualitative easing, the economy is expected to grow above its potential and steadily follow the path towards the 2 percent price stability goal even though the sales tax hikes next April will cause some fluctuations due to a last-minute buying rush."
"If risks at home and overseas force changes in our outlook and the path towards the 2 percent price stability goal, we will make necessary adjustments."
"I expect wages to rise ahead because companies voice some positive remarks about wage hikes as revenues improve, while the jobs market is tightening and talks are taking place between the government, labour unions and business leaders."
- Target holiday cyber breach hits 40 million payment cards
- Housing, jobs data weaken, but overall economic picture still upbeat
- UPDATE 3-Saab wins Brazil jet deal after NSA spying sours Boeing bid
- Zuckerberg to sell Facebook shares worth about $2.3 billion
- Special Report: Why Ukraine spurned the EU and embraced Russia