Bank of Japan's 'Summary' - preceded the full minutes by many weeks

Quick headlines via Reuters (bolding mine):

  • If there is risk achieving price target will be delayed, additional easing will be needed
  • BOJ needs to explain that normalization is different from monetary tightening
  • 2% price target still distant, BOJ should not consider normalization
  • Important to continue QE to achieve 2% price target
  • Inflation momentum is not strong enough to achieve 2% inflation target soon
  • If yen appreciation and stock declines become proplonged, capex and consumption could be restrained

I don't seen anything surprising here at all. Its interesting that the Bank have highlighted the yen ... they don't want it to go much higher it would seem?

Full text is here

Summary of Opinions at the Monetary Policy Meeting on March 8 and 9, 2018

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Out at the same time: