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Some BOJ members doubted need to fine-tune QQE-Dec meeting summary
[TOKYO] Several Bank of Japan board members voiced doubts on whether the bank needed to fine-tune the bank's massive stimulus programme at their December rate review, a summary of debate at the meeting showed on Friday.
"The new steps could make communication with markets more difficult by exposing the limits of the BOJ's quantitative and qualitative easing programme," one board member was quoted as saying at the meeting.
At the December meeting, the BOJ maintained its base money target - its key policy goal - but reorganised its stimulus programme to advance premier Shinzo Abe's plans to prod reticent companies into boosting wages and capital expenditure. The decision was made by a 6-3 vote.