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MNI BRIEF: BOJ Jan Minutes Show Criticism Of YCC Tweak

(MNI) Tokyo
(MNI) TOKYO

Some Bank of Japan board members voiced criticisms of December’s decision to widen the range around the 10-year bond yield target despite the change receiving an unanimous vote, minutes of the January 17-18 meeting released on Wednesday showed.

The minutes didn’t identify the members but the members were likely reflationist members, such as Deputy Governor Masazumi Wakatabe and board member Asahi Noguchi.

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Some Bank of Japan board members voiced criticisms of December’s decision to widen the range around the 10-year bond yield target despite the change receiving an unanimous vote, minutes of the January 17-18 meeting released on Wednesday showed.

The minutes didn’t identify the members but the members were likely reflationist members, such as Deputy Governor Masazumi Wakatabe and board member Asahi Noguchi.

Keep reading...Show less