There is plenty of focus on the Bank of Japan ahead of the policy meeting next week

(September 20 and 21)

The Journal report:

  • The seven supporters of easing on the board now have fractured over where to go next, say people familiar with their thinking.
    At least three in this camp favour sticking with the plan
  • Others, while still pro-easing, are no longer confident bond purchases can get the job done. Some including BOJ staff have floated the idea of flexibility in the buying.

The piece is here: Japan's Central Bank Splits Over Easing Program

There are 9 members of the policy board, 8 men and one woman. So I'm gonna change the headline: Japan's Central Bank Splits Over Easing Brogram

More:

  • Some in the 'others' group group have suggested a range around ¥70 trillion to ¥90 trillion instead of the current 80 target.
  • "The two sides get particularly heated over whether Japan is running out of bonds to buy"