BoJ Divided Over Exit Strategy Disclosure

Bank of Japan policymakers contested how much information the BOJ should disclose about a possible exit from quantitative easing, minutes of the central bank’s June 15-16 meeting showed on Tuesday.

Some members said the BOJ needed to clearly explain how it would manage policy and what impact it would have on the central bank’s finances, the minutes showed.

However, several members said consumer prices were still far from the central bank’s 2 percent inflation target, and disclosing information about a proposed exit too soon could cause market turbulence.


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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.