:Bank of Japan (BOJ) policymakers agreed to keep ultra-low interest rates at Governor Kazuo Ueda's debut meeting but some saw the need to avoid being too late in raising interest rates, minutes of the April rate review showed on Wednesday.While Japan was making progress toward achieving the BOJ's 2 per cent i
:Bank of Japan policymakers agreed to keep ultra-low interest rates at Governor Kazuo Ueda's debut meeting but some saw the need to avoid being too late in raising interest rates, minutes of the April rate review showed on Wednesday.
But one member said the BOJ must ensure its policy"does not fall behind the curve," as wages and inflation were already showing signs of accelerating. "The BOJ must humbly monitor price and wage developments, and respond not too quickly, but also not too slowly" the second member said. Many members saw no need to tweak the operational conduct of YCC, arguing that distortions in the yield curve seen in the past had been on the mend, the minutes showed.
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