Bank of Japan summary of the most recent meeting - no need to wait for the minutes! (not due until December 26!)
- inflation to gradually accelerate toward 2 pct
- inflation likely to accelerate but price growth remains weak, so will take some time to reach 2 pct
- BOJ must maintain current powerful monetary easing
- BOJ must patiently sustain current monetary policy while keeping close eye on demerits on financial system
Quick summary headlines from the report via Reuters
More:
- Attention should be paid to risk that keeping 10-year yields around zero could diminish positive effect on inflation expectations
- Must consider in flexible manner factors like range of yield moves, target maturity of JGBs in conducting yield curve control
- Must be vigilant to risk regional banks' profits may deteriorate sharply when economy enters recession
- Must strengthen monetary easing, mull policy coordination with govt to hit price goal
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