BoJ members called for cautious stance - minutes

Minutes released Wednesday 16 August showed some members of the Bank of Japan's policy board called for a cautious policy stance at their last meeting to avoid leading markets to think the central bank's rushing to raise interest rates.

At the 13-14 July meeting the BoJ's nine-member board voted unanimously to end the central bank's zero rate policy by raising the target for the overnight call rate -- the interest commercial banks charge each other for short-term funding needs -- to around 0

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