The Bank of Japan can begin the debate on scaling back of its massive monetary stimulus in the second half of the fiscal year 2015, board member Ryuzo Miyao said Wednesday.
At the October meeting, Miyao voted in favor of expanding monetary stimulus. In a 5-4 vote, the board decided to lift the monetary base at an annual pace of about JPY 80 trillion.
At the meeting, policymakers observed that additional QQE is required to achieve the 2 percent inflation target.
The material has been provided by InstaForex Company – www.instaforex.com