Bank of Japan Policy Board Minutes

The Bank of Japan published the minutes from its 12 and 13 July meeting on Friday 12 August. Two of nine policy board members at the Bank proposed cutting the 30-35 trln yen liquidity target for banks, at the mid-July policy meeting.

At the July 12-13 policy board meeting, Katsutoshi Fukuma proposed cutting the outstanding balance of current account deposits held at the Bank of Japan from "around 30 to 35 trln yen" to "around 27 to 32 trln yen," the minutes showed. This suggestion was rejected

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