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- Minutes of the July meeting of the Bank of Japan: Several members of the Board called for more focus on the shortcomings of ultrasoft policy
Minutes of the July meeting of the Bank of Japan: Several members of the Board called for more focus on the shortcomings of ultrasoft policy
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Several board members said that the Bank of Japan would take further instructions to strengthen its desire to achieve the target level of inflation
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Some members said that more flexible control over long-term profitability would help maintain and improve the functioning of the market
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One member said that allowing a certain increase in yield would increase the sustainability of current policies
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One member said that it is important to keep in mind that the yield may increase or decrease by half compared to the range of levels observed since the adoption of the YCC control,
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One member stated that a description of the fact that long-term profitability may change to some extent is ambiguous and may lead to an increase in yield more than necessary
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