This was a bit of a snoozer this meeting (see below). Anyway, highlights from the minutes:
- Momentum towards price goal being maintained said most members
- One member said current YCC not sufficient to achieve the 2% inflation target by around FY 2019/20
- One member said a further increase in demand is needed to raise prices
Full text: Minutes of the Monetary Policy Meeting
---
Earlier on this meeting:
And, the actual announcement/statement from the 21st September: BOJ announce no change in policy, as expected
- BOJ leaves unchanged pledge to buy JGBs more or less at current pace so its holdings increase at annual pace of around 80 trln yen
- Maintains short-term interest rate target at -0.1 %
- Maintains 10-year JGB yield target around zero %
Check out the link for the details on the dissenter ... who wants to do MOAR!