BoJ fears investors hooked on QE
Bank of Japan policymakers agreed to ease monetary policy in April to ensure the economy resumes a recovery, but signalled a pause by complaining of “misunderstanding” in markets that they will keep offering monetary stimulus automatically until one per cent inflation was in sight, minutes of the meeting showed yesterday. At the 27 April meeting, the Bank boosted asset purchases by 10 trillion yen (£80.2bn), offering its second stimulus in just over two months in a show of its determination to achieve its one per cent inflation target set in February. “Members made note of some misunderstanding that the Bank would continue to increase the size of its asset-buying programme automatically until it judged that one per cent inflation will be in sight,” the minutes showed.