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

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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!