BoJ members question Kuroda's ease money intentions - WSJ

FXStreet (Bali) - An article by the WSJ published on Monday highlights the growing discontent among BoJ members (split in the last QQE2 decision was 5-4), questioning Kuroda's ease money stance, and that it may not raise inflation expectations as he might anticipate.

According to the WSJ: "Some members were not entirely sure about how flooding the banking sector with more cash could shore up moderating inflation expectations … “It’s hard to explain how expectations can be changed through that channel,” a person close to the central bank said, in explaining the dissenters’ concerns."

WSJ adds: "The board members who spurned additional action are now considering what they should do at the next policy meeting scheduled for Nov. 18-19, where they will vote on whether to continue with the expanded easing, according to the people. Some may dissent again to the continuation of the policy to make clear their disapproval, while others may consider making policy proposals of their own."