Discontent on BoJ board over monetary policy outlook

Haruhiko Kuroda

Concerns have emerged over the Bank of Japan's (BoJ) monetary policy, as members of the policy board expressed doubts over the ability of the central bank to hit its 2% inflation target within the forecast horizon, and warned of possible instability resulting from large asset purchases.

Although members voted unanimously to continue the programme of quantitative easing (QE), the minutes of the April 26 monetary policy meeting, published yesterday, show signs of discontent.

One member, unnamed in

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