TOKYO - Bank of Japan board members debated the feasibility of ramping up stimulus at their September rate review, with some calling for the need to start brainstorming ideas to top up monetary support, minutes of the meeting showed on Wednesday.
“A comprehensive examination was needed on the chance that financial institutions’ profitability will decline further, and an increasing number of them would take excessive risks,” the minutes quoted some members as saying. “There’s a risk a delay in pick-up of overseas growth could hurt Japan’s economy and prices. As such, the BOJ must start examining a desirable policy response, with an eye on the potential side effects,” one member was quoted as saying.
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