BOJ summary: Reduced risk of hard landing for US economy

A summary of opinions from the Bank of Japan’s October policy meeting shows board members saw decreased risk of a hard landing for the US economy.

The report shows one opinion focused on preparing for possible increased volatility in financial markets after the US presidential election in November.

The central bank decided to keep its key short-term interest rate unchanged at the meeting that wrapped up at the end of last month.

The report shows there were mixed opinions among board members on future monetary policy.

One view held the bank should consider an additional rate hike after assessing developments in the US economy.
Another opinion was more cautious, saying the BOJ should maintain its current interest rate for the time being.