TOKYO -- The Bank of Japan is starting to face skeptics within its own ranks who question the sustainability of massive monetary easing and point to its potential side effects as the economy continues on a recovery path.
Following a two-day policy meeting that ended Jan. 23, BOJ Gov. Haruhiko Kuroda said there was only a "very limited debate" on the possibility of tapering monetary easing. But according to a summary of opinions voiced during the meeting, at least two board members argued for a change to the BOJ's approach.
It "may be necessary to consider what the desirable policy conduct would be going forward," one member said. The discussion also touched on re-examining the bank's interest rate targets and exchange-traded fund purchases -- a more extensive debate than the BOJ chief is willing to admit.
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