Bank of Japan policymakers agreed that the amount of government debt purchases will fluctuate under its quantitative easing program, but don’t expect such changes to pose problems for its guidance on market operations, minutes of the central bank’s April 26-27 policy meeting showed on Wednesday.
Policymakers expressed more optimism about exports and industrial production but remained cautious on inflation expectations.
The minutes confirmed the central bank has become more confident about the economy and more comfortable with temporarily slowing the pace of debt purchases, but policymakers also acknowledged the BOJ’s 2 percent inflation target is still distant.
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