Some Bank of Japan policymakers warned that global uncertainties and last year&#...
TOKYO - Some Bank of Japan policymakers warned that global uncertainties and last year’s sales tax hike may have hurt capital spending and inflation expectations, minutes of the central bank’s December rate review showed on Friday.
Such calls for more stimulus are unlikely to materialize any time soon, as the minutes showed others in the board fretting over the rising cost of prolonged easing such as the strain ultra-low interest rates is imposing on commercial banks. At the December meeting, the BOJ kept monetary policy steady but its Governor Haruhiko Kuroda warned that risks to Japan’s economic recovery remained high.
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