Minutes of the Monetary Policy Meeting on April 26 and 27, 2018
These are dated,
- we've had a subsequent meeting in June,
- and the minutes are largely pre-empted now by the Summary of Opinions (those for the April meeting were out in early May!)
- … and the script is getting boring anyway
Main points via Reuters:
- Members noted that companies likely to gradually shift toward raising wages and prices
- Many members said necessary to maintain current easy policy
- Some members said important to monitor impact of monetary easing on financial system
- One member said necessary to encourage further widening of output gap into positive territory by taking additional easing measures
- One member expressed concern that erasing timeline for inflation target could weaken BOJ's commitment
- Some members said attracting attention to timeframe not appropriate for communication with market
