BoJ minutes reveal fears of QE ‘side effects’

Haruhiko Kuroda

Members of the Bank of Japan's (BoJ) policy board raised fears over a range of pitfalls associated with the expansion of the central bank's asset purchase programme, according to the minutes of the October 31 meeting.

Published today, the minutes showed a clear divide between those who wanted to expand the central bank's quantitative easing (QE) and those who warned the dangers were too great. In the end the board was split 5–4 in favour of further easing, and the programme was expanded by ¥10 t

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