Bank of Japan policymakers advised about the premature debate about the withdrawal from the ultra-loose monetary policy along with their concerns regarding the increasing cost of extended QE, according to the minutes from BOJ meeting on March. This further supported the demand to reach the elusive inflation target with a diminishing tool-kit. The nine members of the board debated over the best way to confer their policy intentions in the meeting. The board members also mentioned that accelerating market growth rate would be slightly behind the latest market volatility when Japan’s central bank cut back its massive stimulus program based on the minutes. The BOJ maintained its monetary policy unchanged at the March meeting while its governor cautioned about the possible surge of stimulus in case the Japanese economy weaken. However, a push-back against its forecast would trim down monetary support ahead.
