Ueda: We have to keep monetary policy ultra-loose until there is more evidence wages will keep rising next year. — Bloomberg
KAGOSHIMA: Bank of Japan (BoJ) board member Seiji Adachi says it is 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 number of board members warning of the side-effects of the policy and the risk of being too late in raising interest rates, highlighting a rift within the group on how soon the BoJ should follow global counterparts in phasing out stimulus.
