Suda QE proposal defeated: Bank of Japan minutes
Minutes from the Bank of the Japan monetary policy meeting published on Tuesday shows that an alternative proposal to limit asset purchases from risky assets, as part of the central bank's monetary response to the earthquake, was voted down.
Minutes from the March 14 meeting show that Miyako Suda, a member of the policy board, formulated a proposal to increase the maximum outstanding amount for financial assets to be purchased through the programme by about ¥5 trillion ($59.5 billion), and to
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