Ryuzo Miyao, a member of the Bank of Japan's (BoJ) policy board, called for double the amount of monetary stimulus that was eventually decided on at the central bank's last monetary policy meeting. According to minutes of the meeting that were published on Monday, he was voted down by a majority.
At the October 27 meeting, the policy board voted, by an 8 to 1 majority, to increase the size of its Asset Purchase Programme by ¥5 trillion ($65 billion), from ¥50 trillion to about ¥55 trillion, by r
- James Bullard on 2% rates, tariffs and Fed leadership
- Turkish central bank raises overnight rates in bid to stop lira’s fall
- Next financial crisis “will be brewing” in shadow banking – Bullard
- Policies must change to stop emerging markets crisis, analysts say
- Podcast: David Hendry and John Muellbauer on empirical macro