Bank of Japan board saw prospects of faster-than-expected recovery: April meeting minutes

[TOKYO] Bank of Japan board members agreed that the massive stimulus measures deployed by advanced nations may help quicken the pace of recovery in Japanese and global economies, minutes of their April policy-setting meeting showed on Wednesday.

But the policymakers also shared the view that uncertainty over the pace and effect of coronavirus vaccinations could weigh on Japan's economic activity ahead, according to the minutes.

At the April meeting, the BOJ kept monetary settings intact and projected that inflation will miss its 2 per cent target well beyond Governor Haruhiko Kuroda's current term ending in 2023.

REUTERS