KONTAN.CO.ID - TOKYO. Risks of a recession and heightening global uncertainties pushed Japan's central bank to commit to keeping interest rates at super-low levels for at least one more year, a summary of discussions at the April policy review showed. The nine-member board also debated the pros and cons of ramping up stimulus further, with one member warning that further declines in borrowing costs could do more harm than good to the economy, the summary showed on Friday. "Depending on overseas developments and the impact of a scheduled domestic sales tax hike, there remains a risk Japan may slide into recession," a board member was quoted as saying.
Recession risks prod BOJ to strengthen forward guidance in April
KONTAN.CO.ID - TOKYO. Risks of a recession and heightening global uncertainties pushed Japan's central bank to commit to keeping interest rates at super-low levels for at least one more year, a summary of discussions at the April policy review showed. The nine-member board also debated the pros and cons of ramping up stimulus further, with one member warning that further declines in borrowing costs could do more harm than good to the economy, the summary showed on Friday. "Depending on overseas developments and the impact of a scheduled domestic sales tax hike, there remains a risk Japan may slide into recession," a board member was quoted as saying.