Bank of Japan July meeting minutes
Many members said:
- Companies likely to gradually shift towards raising wages and prices
- Measures of inflation expectations had stopped declining
- BOJ should continue with QE and YCC
One member said:
- ETF purchases are excessive, will have adverse impact on pricing of stocks
- 2% goal is constraint on flexible monetary policy
- 2% goal makes it hard to normalise monetary policy
A few members said:
- Unemployment rate and output gap need to improve further to reach 2% inflation target
more to come
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So I'm thinking its nearly October and these are the minutes of the July meeting???
On the other hand, at least we do get a much earlier guide to the meeting in the "Summary of Opinions" of the meeting, which for July came out much earlier.
For more on the July meeting:
- There was no change to policy: BOJ announce: No change to monetary policy, upgrade economic outlook
- From Kuroda's presser: More from Kuroda (3): It's important for prices to rise in tandem with wages
- It was also a farewell party: BOJ says goodbye to two persistent dissenters
- The squidsters were happy: Goldman Sachs on the BOJ & Kuroda - 'exit from QQE now looking more remote'
