Quentin D. Solano
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Quentin D. Solano in Breaking news,

Bank of Japan maintains monetary easing policy

Gov. Kuroda’s fiercest critic makes new proposals

Reuters

A pedestrian walks past the Bank of Japan building in Tokyo.

The Bank of Japan board stuck to its majority view that it is still on track to achieve its price goal of 2% inflation at its latest policy meeting on Wednesday, maintaining its key policy of buying ¥80 trillion ($665 billion) of assets annually in an 8-1 vote.

Board member Takahide Kiuchi voted against the decision, instead proposing that the bank pull back sharply on its easing measures, likely out of concern for their possible side-effects on markets. Mr. Kiuchi called for the bank’s annual asset purchases, mainly comprising JGB buying, to be slashed to ¥45 trillion.

An expanded version of this report appears at WSJ.com.