BoJ dissenters deemed measures "inappropriate"

bank-of-japan

Two of the Bank of Japan's board members dissented at its March rate vote because of disagreements over the effectiveness of expanding the central bank's fund-provision program, minutes out Monday showed.

At the meeting, which took place on the 16 and 17 March, the central bank's policy board decided by a 5-2 vote to offer an additional Y10 trillion ($107.3 billion) in three-month cash bills at a 0.1% fixed rate to financial institutions, on top of Y10 trillion offered in December.

The bank also

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