BOJ considered aggressive easing in Feb-minutes

JAPAN - The Bank of Japan said on Apr 18 its Policy Board members had discussed a much more aggressive monetary easing at a February 28 policy meeting than the small rate cut they actually implemented.

The minutes of the meeting revealed that concerns had been growing at the central bank at the time over Japan's slowing economy and falling prices, leading to a decision three weeks later to adopt a radical quantitative easing.

The BOJ's unprecedented move was to combat deflation as well as to

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