Bank of Japan to shake up meeting framework
BoJ board plans to cut number of yearly meetings as part of major overhaul of policy deliberations
The Bank of Japan (BoJ) is planning to cut the number of annual meetings of its monetary policy board from 14 to eight as part of a larger overhaul aimed at making deliberations more transparent. The BoJ will also look to ramp up economic forecasting and publish a "summary of opinions" following monetary policy meetings, the central bank announced today (June 19).
The plan to overhaul key facets of how it sets monetary policy was announced following the board's decision to maintain current
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