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MNI (Sydney)

A Bank of Japan board member said that the BOJ should reassess the side effects of monetary easing on financial intermediation and financial markets as side effects accumulate, according to the minutes of the January 20-21 board meeting released on Wednesday.

The minutes show that members agreed that it is necessary for the BOJ to seek more effective ways to execute monetary policy, in terms of striking a balance between costs and benefits in conducting further monetary easing while minimizing side effects.

According to the minutes: "A few members noted that the BOJ should provide appropriate communication so that adjustments made to policy conduct and countermeasures to side effects would not be misinterpreted as a weakening of its monetary easing stance."

MNI Sydney Bureau | +61-405-322-399 |
MNI Sydney Bureau | +61-405-322-399 |

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