BOJ minutes: members ditched timeframe due to worries about communication

TOKYO (Reuters) – Some Bank of Japan board members said it was appropriate to ditch the central bank’s timeframe for achieving its price target because investors were linking the timeframe to changes in monetary policy, minutes of their April policy meeting showed on Wednesday.

Members worried that sticking with the timeframe could hamper communication with markets, the minutes showed.

One member expressed concern that deleting the timeframe would weaken the BOJ’s commitment to price stability.

At the April meeting, the BOJ kept policy unchanged but dropped the timeframe it had set for hitting its inflation target, in a surprise move analysts say is aimed at keeping market expectations for more stimulus in check.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.