BoJ says forward-looking policy, data can coexist

Minutes from the Bank of Japan's policy board meeting of Jan 17-18 released Monday 26 February showed members agreed that the central bank does not change interest rates based on a schedule set in advance and that it can maintain its forward-looking policy while being data-dependent.

The minutes also showed: "Some members pointed out that the term 'forward-looking monetary policy' might have been misinterpreted as monetary policy conducted according to a predetermined time schedule."

The January

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