BOJ March monetary policy meeting minutes - full text

Author: Eamonn Sheridan | Category: Central Banks

Bank of Japan Minutes not shedding too much further light on policy deliberations

Headlines via Reuters: 

  • members agreed YCC exerting intended policy effect
  • some members said review confirmed some fluctuations in bond yields won't diminish impact of monetary easing
  • some members said must scrutinise financial system developments due to accumulating side-effects of easing on banking system
  • members agreed BOJ must respond flexibly, effectively without hesitation to changes in economic, price and financial developments
  • a few members said appropriate to stress anew that excessive falls in super-long bond yields could hurt economy in long run

The full text is here if you wish 

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