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BOJ minutes: Economy, prices on track with forecasts
March 14, 2014 / 12:06 AM / in 4 years

BOJ minutes: Economy, prices on track with forecasts

TOKYO (Reuters) - Bank of Japan board members agreed that the economy and prices are moving in line with their forecast, minutes of the central bank’s February 17-18 meeting showed on Friday.

A security guard salutes at the entrance of the Bank of Japan building in Tokyo January 22, 2014. REUTERS/Yuya Shino

Members also agreed that the sales tax hike next month in Japan will not derail the economy and that risks posed by overseas economies have receded.

The BOJ kept monetary policy steady at that meeting and extended special loan programmes to help buoy bank lending, brushing off data showing weak growth in the fourth quarter of last year.

At a subsequent meeting on March 10-11, the BOJ kept policy on hold, lowered its assessment of exports and raised its view of capital expenditure.

Reporting by Stanley White; Editing by Edmund Klamann

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