BOJ 'summary' of the October monetary policy meeting out now
Bank of Japan Summary of Opinions comes out many weeks ahead of the full minutes of the meeting.
- Appropriate for BOJ to clarify the downward bias in policy rates
- necessary not to hesitate to take additional easing measures if their is a greater possibility inflation momentum will be lost
- desirable for forward guidance to show decline in infaltion rate is not acceptable
- it cannot be said that households' and firms' inflation expectations have been robust
BOJ should communicate clearly it will continue with powerful monetary easing given that achieving price stability target will take time