BOJ minutes show support for liquidity cut

Two Bank of Japan Policy Board members suggested that they may support the lowering of the current account balance target in the future, according to minutes released Monday 17 October.

"Some members expressed the view that ... it would be appropriate, from the viewpoint of encouraging smooth formation of interest rates in financial markets and enhancing the timeliness and flexibility of its conduct of monetary policy in the future, to shorten maturities of fund-supplying operations," the minu

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