BoJ leaders divided on wage growth and timing of tightening

July minutes show disagreement over when firms will raise wages

The Bank of Japan
The Bank of Japan

Bank of Japan policy-makers differed on when the central bank could increase interest rates, or whether firms would continue to raise wages next year, minutes of its July meeting showed.

At its July 27–28 meeting, the BoJ’s nine-member policy board unexpectedly loosened its yield curve control policy. It raised the hard cap on yields for the 10-year Japanese government bond from 0.5% to 1%. But policy-makers decided to keep the short-term policy rate unchanged at -0.1%.

Many board members

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.