BoJ minutes show concern over bond market pressure ahead of QE taper
The minutes of the Bank of Japan's (BoJ) monetary policy meeting on May 21–22 showed members agreeing on the need to take a flexible approach to bond purchases, as fears over the end of quantitative easing in the US create volatility in long-term rates in Japan.
Members highlighted various signs that both the domestic and external economic environment was improving, and unanimously voted to maintain the size of the asset purchase programme. However, concerns were raised that excessive volatility
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