This is the 'Summary of Opinions' from the April monetary policy meeting
- This precedes the Minutes
- We won't get those for a number of weeks (June 21 if you'd like to market your calendar)
- The 'Summary' is sort of a Minutes 'Lite', a good guide to the discussion that took place
- The post on the April meeting is here, with a detailed summary: BOJ leaves monetary policy unchanged, boosts outlook for Japan economy. If you don't want to click, the title is pretty much is a decent summary ...
Anyway, from the Summary:
- Positive signs from exports, production, so its appropriate to raise the assessment of the economy
- Risks are balanced to the downside. Risks posed by EU politics, US economic policy, geopolitical risks
- The economic recovery may not spread to consumer spending due to ageing society
- Expect shortage of labour to lead to higher wages. Which will increase inflation expectations
- Current accommodative policy should be maintained due to downside risks from overseas
