Bank of Japan Summary of Opinions at the Monetary Policy Meeting, June 2022

Headlines via Reuters:

• BOJ must maintain easy policy, keep close eye out on market, fx impact on economy, prices
• Number of goods seeing prices rise is increasing due to rising raw material costs and weak yen, but appropriate to keep easy monetary policy as inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term not driven by positive economic cycle
• Maintaining ultra-easy policy is effective in achieving sustained rise in wages
• Must heighten households' purchasing power, inflation expectations to achieve BOJ's price goal in steady manner
• Sharp yen fall would hurt economy, heighten uncertainty
• Exports, output under stronger downward pressure than seen in April due to supply constraints caused by China's lock downs

more to come

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The Bank of Japan left policy unchanged at that monetary policy meeting:

• BOJ announce no change to monetary policy

The Summary precedes the minutes by weeks (the minutes of the June meeting are due on July 26).

Full text is here:

• Bank of Japan Summary of Opinions at the Monetary Policy Meeting, June 2022