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BOJ board debated fate of pandemic-relief scheme at Sept mtg -minutes -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – A man poses in front of Bank of Japan’s Tokyo headquarters, Japan. May 22, 2020. REUTERS/Kim Kyung-Hoon/File Photo

TOKYO, Reuters – At their September meeting of Bank of Japan policymakers discussed the fate of a pandemic relief loan program. One of them proposed that it be phased out once the COVID-19 crises subsides. Minutes of Tuesday’s meeting were available.

While the majority of members agreed with the conclusion that Japan’s economy is likely to grow, some pointed to potential risks. These included the possibility that supply restrictions could continue for longer periods and cause economic damage beyond what was expected.

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