KAGOSHIMA, Japan :Bank of Japan board member Seiji Adachi said it was too early to phase out ultra-loose monetary policy due to uncertainty over the price outlook, brushing aside expectations of an early tweak to its controversial yield curve control policy.But minutes of the bank's April meeting showed a num
KAGOSHIMA, Japan :Bank of Japan board member Seiji Adachi said it was too early to phase out ultra-loose monetary policy due to uncertainty over the price outlook, brushing aside expectations of an early tweak to its controversial yield curve control policy.
"We're seeing some changes in the public's deflationary mindset, or the perception that prices won't rise," Adachi told business leaders in Kagoshima, southern Japan, on Wednesday. That has kept alive market expectations the BOJ will soon tweak its yield curve control policy, which has drawn criticism for distorting market pricing and crushing financial institutions' profits.
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