BOJ Members Warn Against Too Much Optimism on U.S.

Bank of Japan policy board members cautioned about the market’s excessive optimism toward the U.S. economy, according to minutes of their Jan. 24-25 meeting.

Given that the U.S. “economy continued to be burdened with balance-sheet adjustments, the prevailing view among market participants about the economic outlook might be somewhat too optimistic,” the minutes released today in Tokyo said, citing a few of the nine board members.