Bank of Japan Minutes, 5 and 6 April

The Bank of Japan's minutes from its 5 and 6 April monetary policy meeting published on 25 May showed that one member, Toshikatsu Fukuma, felt that the bank should cut its reserve target, dissenting from a vote to keep the target unchanged.

Fukuma, a former executive of Mitsui & Co, proposed reducing the target for reserves available to lenders to between 27 trillion yen (US$251 billion) and 32 trillion yen. The target was left unchanged at between 30 trillion yen and 35 trillion yen.


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