Bank of Japan vows better messaging to avoid more market turmoil

The Bank of Japan is working to communicate better with the public and investors just months after markets were gripped by turmoil blamed in part on poor monetary-policy signaling.

“There is no silver bullet in better communication. Each approach comes with pros and cons, and I would say that there is no clear consensus yet among board members about which approaches to pursue,” BOJ Deputy Gov. Ryozo Himino said during a speech at a conference hosted by Bloomberg in Tokyo on Thursday.

“After the August market turmoil, many commentators argued that the bank should have had better communication with market participants.”