BoJ member concerned about Fed easing
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