Minutes from the Bank of Japan December 18/19 meeting … looks like pretty stadard stuff from the:
- Japan economy has continued to recover moderately
- BOJ to keep easing until 2% inflation stable
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Developments have rendered these Minutes perhaps a little redundant
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More (via Reuters):
- Members shared recognition global markets had shown some nervousness
- Some members said while oil price falls had positive effect on global economy, it could risk destabilising markets
- Some members said political turmoil in Greece might have adverse effects on euro-area economy
- Some members said oil price falls would support economic activity through rises in corporate profits, households’ real income
- One member said there might be growing tendency among firms to postpone capex plans
- Some members said various surveys showed business sentiment had turned cautious
- Many members said relatively weak developments had been recently observed in consumer sentiment surveys
- Many members said oil price falls were likely to exert downward pressure on CPI for time being
- Many members said oil price falls would have positive effect on economy, push up prices long-term
USD/JPY just above session lows:
