TOKYO :A Bank of Japan (BOJ) policymaker called for an early revision to its controversial yield curve control, a summary of opinions at the June meeting showed on Monday, suggesting the central bank's ultra-loose monetary settings may be at a crossroads.While analysts see the communication as reflecting only
TOKYO :A Bank of Japan policymaker called for an early revision to its controversial yield curve control, a summary of opinions at the June meeting showed on Monday, suggesting the central bank's ultra-loose monetary settings may be at a crossroads.
"The Bank should maintain the overall framework of monetary easing for the time being," one of the nine board members was quoted as saying in a summary of opinions at the June meeting. The yen rose 0.3 per cent to 143.27 per dollar on Monday after the BOJ summary's release, though it was not far from a more than seven-month low of 143.87 hit on Friday.
The yen has come under renewed pressure in recent weeks as investors focused on the contrast between the BOJ's ultra-dovish stance and hawkish central banks elsewhere. "We have all options available and we are not ruling out any options," Kanda, who is vice finance minister for international affairs, said when asked whether authorities stand ready to intervene in the market.
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