Some BOJ policymakers call for flexible asset buying in Dec. meeting

Some Bank of Japan policymakers saw the need to run the central bank’s massive asset purchase program more flexibly, a summary of opinions from this month’s meeting showed Monday, after criticism it has distorted market functions with the policy. At the Dec. 17-18 meeting, the BOJ decided to conduct a review in March in a bid to seek better ways to hit its 2 percent inflation target which has proven more and more elusive amid the economic fallout from the coronavirus pandemic. Governor Haruhiko Kuroda has suggested the forthcoming assessment could lead to a fine-tuning of policy, rather than a…

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