Kuroda's negative rate surprise shocked his own BOJ board, minutes show
The 5-4 vote exposed rare dissent on the BOJ board, with critics warning the policy was rushed and could spark a currency war.
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BizTocKuroda's negative rate surprise shocked his own BOJ board, minutes show
TOKYO, July 15 : The Bank of Japan's shock introduction of negative rates in 2016 drew intense criticism from within the board with some blasting it as half-baked and a risky move that could trigger a currency war with Europe, policy meeting minutes showed on Wednesday.The decision, which was approved by a 5
Kuroda’s negative rate surprise shocked his own BOJ board, minutes show
By Leika Kihara TOKYO, July 15 (Reuters) - The Bank of Japan's shock introduction of negative rates in 2016 drew intense criticism from within the board with some blasting it as half-baked and a risky move that could trigger a currency war with Europe,...
On the 15th, the Bank of Japan released the minutes of its Monetary Policy Meetings for January-June 2016. The meeting in late January marked a turning point, as it decided to implement the first "negative interest rate policy" as part of its "unprecedented monetary easing" strategy. The 5-4 vote, the same as the additional easing in October 2014, reflected then-Governor Haruhiko Kuroda's strategy…
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