The Bank of Japan's New Monetary Policy

[kreslik.news]

The bank’s minutes shed light on the board split over the December measures

The minutes of the December policy formulated by the Bank of Japan were released on Wednesday. They helped to shed additional light on the internal split over the supplementary measures that were decided at that meeting. However, the skeptics warned about possible drawbacks.

At the December 17-18 meeting, the policy board of the central bank voted 6-3 to enable them to undertake a series of steps aimed at supplementing the massive asset purchase program. The board included an extension of average maturities of the bonds of the Japanese ... (read more)