Bank of Japan policymakers disagreed on how quickly the central bank should ramp...
TOKYO - Bank of Japan policymakers disagreed on how quickly the central bank should ramp up monetary stimulus, minutes of their January rate review showed on Wednesday, as heightening overseas risks threatened to derail the country’s fragile economic recovery.
“Given the timing of achieving the price target had been delayed, it was undesirable to adopt a stance of not taking action until a serious crisis occurred,” the member was quoted as saying in the minutes. “We need to look carefully at whether regional banks are lending in a way where they are earning returns that meet the risks,” one of the members said.
In an interview with Reuters on Monday, Isao Kubota, the influential chairman of a major regional bank, said the BOJ’s ultra-loose policy is making it tough for commercial banks to earn profits out of lending. One member said the BOJ’s YCC policy has had only a limited impact in boosting prices and inflation expectations.
While the minutes do not identify the name of the board members who made the comments, BOJ’s Goushi Kataoka has publicly said stronger fiscal and monetary steps could be necessary to prevent a further economic slowdown.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Japan's regional bank lobby urges BOJ to focus on rising costs of easingJapan's regional bank lobby on Wednesday called on the central bank to focu...
Lire la suite »
Global gloom forces Japan central bank to temper its outlookThe Bank of Japan kept monetary policy steady on Friday but tempered its optimis...
Lire la suite »
BOJ keeps policy steady, cuts view on exports and outputThe Bank of Japan kept monetary policy steady on Friday and offered a bleaker as...
Lire la suite »
Europe's central bank just flashed a warning for any potential Deutsche Bank-Commerzbank merger'I do not particularly like the idea of national champions, of European champions,' the eurozone's top financial supervisor told the Financial Times.
Lire la suite »
Japan's exports slump again on weak external demand, puts BOJ on noticeJapan's exports fell for a third month in February in a sign of growing str...
Lire la suite »
Pound pauses after UK vote on delay; yen ticks up on BOJ, North KoreaThe British pound paused for breath on Friday but stayed on course for its bigge...
Lire la suite »
PwC to pay $335 million over failed audits of Alabama's Colonial Bank: U.S. regulatorA top U.S. banking regulator said on Friday that PricewaterhouseCoopers will pay...
Lire la suite »
Who Will Trust Facebook Bank?Following a significant data breach, a titanic loss of consumer trust, calls by numerous politicians for regulation, and a massive service outage, Facebook wants to become a bank issuing its own cryptocurrency. Who will trust Facebook Bank?
Lire la suite »
China's central bank says will gradually set up rules to regulate fintechChina's central bank said on Saturday it will gradually set up a system of ...
Lire la suite »