Dissent Among Bank of Japan Board Members Over Policy Easing?

Are Bank of Japan’s board members considering ramping up stimulus efforts soon? According to a summary of their discussions published on Friday, one board member has urged for all policy measures being explored to be tabled and deliberated when considering additional easing in monetary policy.

According to this same board member, “Amid changes in the external environment such as growing expectations for monetary easing in the United States and Europe, the BOJ also needs to strengthen monetary easing.”

While the summary does not reveal the identity of this individual, the other nine members have called to maintain the current stimulus efforts for now. They are of opinion that the Japanese economy has managed to grow at a moderate pace so far notwithstanding the global trade tensions.

The published summary reveals a difference of opinion among the central bank’s board members regarding the effectiveness of the ultra-loose monetary policy and how it is affecting profits of financial institutions in Japan.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
Related Articles
Comments
0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

HFM

Doo Prime

XM

Best Forex Brokers