BoJ mem­ber concerned about Fed eas­ing

The Pak Banker - - Company& -

TOKYO: A Bank of Ja­pan (BoJ) board mem­ber said there's un­cer­tainty about the U.S. Fed­eral Re­serve's quan­ti­ta­tive eas­ing pol­icy, min­utes from the bank's pol­icy-set­ting meet­ing showed.

One "mem­ber was of the view that the ef­fects of the mea­sure taken" by the Fed "were highly un­cer­tain and growth in the U.S. econ­omy was still likely to re­main low for some time," min­utes from a Nov. 4-5 meet­ing re­leased by the Bank of Ja­pan in Tokyo to­day said.

The Bank of Ja­pan board meet­ing was held af­ter the Fed an­nounced it would buy an ad­di­tional $600 bil­lion of Trea­suries to sup­port the world's biggest econ­omy. Re­gard­ing Ja­pan's ex­pan­sion, Bank of Ja­pan mem­bers said they needed to con­tinue to monitor the ef­fect of the yen's ad­vance on ex­porters, with one per­son not­ing gross do­mes­tic prod­uct could con­tract this quar­ter. -PB News

UNDIS­CLOSED DES­TI­NA­TION: Chief of the Naval Staff, Ad­mi­ral No­man Bashir wit­ness­ing the sur­face to air mis­sile test. -App

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