BOJ board debated newcomer’s calls for easing: October meeting summary

TOKYO (Reuters) – The Bank of Japan’s nine-member board debated calls from one of its policymakers to target the longer end of the yield curve at a rate review in October, a summary of their opinions showed on Thursday, with several stressing that the current stimulus was sufficient.

One board member said the BOJ should pledge to guide the 15-year government bond yield lower than 0.2 percent, instead of aiming to guide the 10-year yield around zero percent.

Another board member countered such calls for further easing, saying that taking “extreme steps” to quicken the achievement of the BOJ’s 2 percent inflation target could destabilize financial markets, the summary showed on Thursday.

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