BoJ board split on doubling liquidity scheme

A street in Japan

The Bank of Japan was split on its decision Wednesday to enlarge its fixed-rate funds operation, a facility introduced in December to ease credit availability, with two of the seven-strong policy board voting against the action.

The monetary policy statement noted that Miyako Suda and Tadao Noda were against the decision to deepen liquidity operations. However, the majority, including Masaaki Shirakawa, the central bank's governor, voted for the action.

The size of the facility was therefore set

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