Reported 1 day ago
Minutes released reveal that some policymakers at the Bank of Japan began to doubt the effectiveness of former Governor Haruhiko Kuroda's expansive stimulus program less than two years after its launch, with a narrow vote to enlarge it in 2014 highlighting concerns over its long-term benefits versus market strain. Despite initial intentions to achieve a 2% inflation target, ongoing struggles led to the cessation of the program under the new governor, Kazuo Ueda, who also noted that the anticipated shift in consumer psychology did not occur as expected.
Source: YAHOO