Reuters: BOJ board at loggerheads on next policy move

  


Reuters take on the Bank of Japan minutes is as described in their headline, the Board in disagreement

I reckon the headline might be overstating the tensions, its one voice according to the report (bolded):

  • most members agreed that it was appropriate to maintain the BOJ’s current stimulus programme
  • one of them said the central bank must stress its readiness to take “quick, flexible and bold” action including additional monetary easing
  • Another member, however, said acting too hastily during times of uncertainty could lead to financial imbalances and unnecessary swings in the economy

As I posted just a few moments ago, USD/JPY a little higher, stops above 111.50 were a target … a little follow through now:

Reuters take on the Bank of Japan minutes is as described in their headline, the Board in disagreement

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