BOJ board sees the need to maintain easy policy
The Bank of Japan´s Summary of Opinions has been published.
Reuters reports that the board members saw the need to maintain ultra-loose monetary policy for now, even as some warned of the need to scrutinize its side effects such as deteriorating market functions, a summary of opinions at their March policy meeting showed on Monday.
"Japan's economy is showing signs of achieving a positive cycle. But any tweak to monetary policy must be examined and discussed carefully given the impact on markets and various economic entities," one of the members was quoted as saying in the summary.
About the MPS
This report includes the BOJ's projection for inflation and economic growth. It is scheduled 8 times per year, about 10 days after the Monetary Policy Statement is released.
Author
Ross J Burland
FXStreet
Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.
