Uncertainty Over Financial System Dwindling, Bank of Japan Minutes Show
Bank of Japan board members are beginning to see their mistrust in the global financial system dwindle. "Many member said that uncertainty about the soundness of the global financial system had diminished," following the release of the stress-test results, minutes of the Bank of Japan's May 21 and 22 meeting said. This may be due to the livelier sentiment that many feel regarding the country's export and production sectors. "Exports and production are beginning to level out," the minutes added. Despite some positive words from the mouths of the board, an exit strategy to the bank's liquidity-easing program will be left up to the banks, board members said.
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