The 'Summary' precedes the full minutes (due December 26)

  • Current policy is most appropriate one with uncertainty over its effect smallest
  • Must monitor effect of current policy as taking extreme steps to quicken achievement of target could cause side-effects
  • Taking additional monetary easing now would have more demerits than merits
  • Must look at effects, costs from various perspective regarding BOJ's buying of risky assets, such as ETFs
  • Not surprising if BOJ lags behind Federal Reserve , ECB in exiting ultra-easy policy

Headlines via Reuters

Full text here

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From the meeting: