BOJ April meeting minutes … most members still believe inflation eventually to 2%

Author: Eamonn Sheridan | Category: Central Banks

Bank of Japan April monetary policy meeting  minutes 

Some of the highlights (via Reuters)
  • most members shared view medium- to long-term inflation expectations were likely to follow an increasing trend, gradually converge to 2%
  • one member said if inflation momentum was lost, BOJ should flexibly and decisively conduct additional easing
  • a different member said it was necessary to strengthen monetary easing at this point toward achieving 2% inflation target at earliest possible time
  • one member said BOJ must constantly consider measures that enhance sustainability of current policy framework
  • Many members said given high uncertainty on economic outlook, it was important to make clearer BOJ's stance of persistently continuing with current powerful easing

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