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Bank of Japan July minutes show push to intensify policy efforts

Published 09/26/2016, 08:07 PM
Updated 09/26/2016, 08:09 PM
© Reuters.  BoJ July minutes

Investing.com - Policy efforts need to be intensified as Japan is unlikely to meet a target of 2% sustained inflation, according to some of the one members in the July Bank of Japan board meeting, minutes released Tuesday showed.

Last week, the Bank of Japan refocused its monetary policy efforts on the long-end of the yield curve in a bid t spur credit and spending in the economy. In the July minutes however at least one board member suggested the inflation impact on capital spending from lower treasury yields is limited.

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