BoJ Minutes Indicate Consensus on Examining Impact of Negative Rates

Some members of the Bank of Japan’s board acknowledged the necessity to assess the effects of negative interest rates. They also raised concerns regarding the discrepancy between service prices and increased costs, based on the minutes released from the central bank’s June meeting.

During that meeting, the BoJ decided to maintain its current policy ahead of a July decision to increase asset purchases in exchange-traded funds. Additionally, the bank indicated that it would provide a review of its quantitative easing policy in September.