Bank of Japan summary says the Bank must consider whether further easing is needed

  • BOJ must maintain current powerful monetary easing, momentum for hitting price goal sustained
  • closer attention needed to risk economy may lose momentum for hitting price goal, desirable to make that point clear in policy statement
  • BOJ must communicate to public it always has all options on table in easing policy
  • BOJ can leave policy steady for time being but should mull policy response to risks with eye on side-effects of its stimulus
  • must mull whether additional easing needed, putting all options on table
  • must pre-emptively ease policy by cutting short-term rate target, accompany it with stronger commitment, coordination with fiscal policy

Full text is here:

Summary of Opinions at the Monetary Policy Meeting on September 18 and 19, 2019