Bank of Japan policymakers signaled on Wednesday they had raised the threshold for further easing after last month’s policy revamp – keeping their pledge to expand stimulus if needed, but only to protect the economy from external shocks.
Yutaka Harada, who has been among the most vocal advocates of aggressive money printing on the BOJ’s nine-member board, said he saw no need to ease policy at the central bank’s next rate review.
“Job markets continue to improve as a trend so for now, additional easing may not be necessary,” even though inflation was undershooting prior forecasts, Harada told reporters on Wednesday.
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