Bank of Japan policymakers debated the feasibility of ramping up monetary stimul...
TOKYO - Bank of Japan policymakers debated the feasibility of ramping up monetary stimulus at their rate review this month as heightening overseas risks weighed on the country’s fragile economy, a summary of opinions of the meeting showed on Tuesday.
“In the current situation where downside risks are materializing, the BOJ should be prepared to make policy responses,” one of the central bank’s nine board members was quoted as saying. Others, however, were more cautious about topping up an already massive stimulus programe. Some said maintaining the current policy was the best approach given the rising cost of prolonged easing, according to the summary.
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