BOJ board divided on economy's strength upon stimulus exit, March summary shows


TOKYO: Bank of Japan policymakers were divided on whether the economy was strong enough to weather an exit from ultra-loose monetary policy, a summary of opinions at the bank's March meeting showed, suggesting the next interest rate hike may take time.

The BOJ ended eight years of negative interest rates and other remnants of its unorthodox policy last week, making a historic shift away from its focus on reflating growth with decades of massive monetary stimulus.

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Bank of Japan , stimulus , policy , interest rate

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