Japan's Central Bank Keeps Policy Unchanged Amid Unexpected Dissent
- Dovish economist Kataoka argues easing not powerful enough
- Result still the same as policy rates, asset buying unchanged
UBP's McFarland Sees No Real Inflation in Japan
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The Bank of Japan kept its monetary stimulus unchanged Thursday, but a dovish new board member opposed the decision in his first meeting, an unexpected dissension on a board chosen entirely by Prime Minister Shinzo Abe.
Still, BOJ Governor Haruhiko Kuroda and his board left its target interest rates and asset purchase program unchanged, a decision expected by all 45 economists surveyed by Bloomberg. The vote was 8-1, with Goushi Kataoka objecting.