Vote to inject further QE defeated: BoJ minutes

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Minutes from the Bank of Japan's (BoJ) monetary policy meeting, published on Wednesday, show that a motion to boost quantitative easing at the central bank was voted down.

One member of the BoJ's policy board, Kiyohiko Nishimura, formulated a proposal to increase the amount of the asset purchase programme by ¥5 trillion ($61 billion), which would take the total volume of the programme to ¥45 trillion, minutes from the April 28 meeting show.

However, the proposal was defeated by a majority vote

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