Europe Crisis Could Adversely Affect Japan Says BOJ

Bank of Japan board members said the central bank has been pursuing “powerful monetary easing” and a few said Europe’s sovereign-debt crisis could hurt Japan’s economy, a record of last month’s gathering showed.

Board members agreed that it was appropriate to monitor the effects of the BOJ’s asset purchases, which were expanded at the the previous meeting in April, according to the minutes of the May 22-23 meeting released in Tokyo today. One member warned that the risk of automatically adding stimulus could affect the stability of the economy and prices.

Read the rest of the story: BOJ Members Say Japan Could Be ‘Adversely Affected’ by Europe.

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