BOJ March meeting summary: need to stick with QE

TOKYO (Reuters) – Bank of Japan policymakers said the central bank needs to stick with its quantitative easing framework because inflation is still well below its 2 percent price target, a summary of opinions of the BOJ’s board members at the March rate review showed on Monday.

One BOJ board member said further yen strength and stock declines could curb capital expenditure and consumer spending, which could delay hitting the inflation target, the summary showed.

At the March policy meeting, the BOJ kept monetary settings unchanged and its chief brushed aside speculation of an early exit from quantitative easing.

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