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MNI BRIEF: BOJ Opinions: Need Clarity On Fixed-Rate Bond Buys

(MNI) Tokyo
TOKYO (MNI)

Remarks from the April 27-28 meeting.

One Bank of Japan board member said that the central bank needs to better communicate how fixed-rate bond buying operations are conducted to bolster its policy stance, a summary of opinions from the April 27-28 meeting released on Thursday showed.

“The BOJ should maintain monetary easing in a straightforward manner until the price stability target, accompanied by a virtuous cycle in which both prices and wages rise, is achieved in a sustainable and stable manner," the BOJ board member said in views echoed by a second board member on communication aims. "In order to communicate such a policy stance without misunderstanding, it would be effective to clarify how the Bank conducts fixed-rate purchase operations.”

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One Bank of Japan board member said that the central bank needs to better communicate how fixed-rate bond buying operations are conducted to bolster its policy stance, a summary of opinions from the April 27-28 meeting released on Thursday showed.

“The BOJ should maintain monetary easing in a straightforward manner until the price stability target, accompanied by a virtuous cycle in which both prices and wages rise, is achieved in a sustainable and stable manner," the BOJ board member said in views echoed by a second board member on communication aims. "In order to communicate such a policy stance without misunderstanding, it would be effective to clarify how the Bank conducts fixed-rate purchase operations.”

Keep reading...Show less