Policy: Member and Yields

policy: The minutes do not identify the board members by name. ; Another member agreed, saying yields have fallen due to worries about the U.S.-Chinese trade war and that conducting market operations to raise yields would tighten monetary policy, according to The Japan Times. Yet another member said the BOJ should strengthen policy to reach its 2 percent inflation target. One member said long-term yields should be allowed to temporarily turn negative, according to minutes of the Dec. 19-20 Policy Board meeting released Monday. In contrast, a member said long-term yields need to be higher to ease the burden on the financial system and make corporate bonds more attractive to investors. Rising pressure from the trade war between China and the U.S. Japan's biggest trading partners is weighing on the economy and undermining years of efforts by policymakers to foster durable growth. This member also said revising the BOJ's government bond purchases is one future option. (news.financializer.com). As reported in the news.