March 14, 2011 / 2:49 AM / in 8 years

BOJ expected to debate monetary easing Monday -sources

TOKYO, March 14 (Reuters) - The Bank of Japan is expected to discuss easing monetary policy further at its rate review on Monday, sources familiar with the matter said.

The BOJ offered a combined 15 trillion yen ($183 billion) into the banking system on Monday in its first same-day market operation since the Greek debt crisis in May last year, to soothe market jitters in the wake of a devastating earthquake and tsunami that struck northeast Japan on Friday.

The central bank’s policy board will likely discuss whether the sharp fall in Tokyo stock prices and the potential damage from the quake to corporate profits warrant an immediate policy response, the sources said. ($1 = 81.915 Japanese Yen) (Reporting by Leika Kihara; Editing by Edmund Klamann)

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