BOJ June minutes - must watch impact of FX moves

• Members shared view BOJ must support economy, which is under pressure from rising commodity prices
• Members agreed BOJ must carefully watch impact of financial, forex market moves on economy, prices
• Members shared view BOJ must keep easy policy to achieve price goal in sustained, stable fashion in tandem with rising wages
• One member said BOJ must maintain easy policy despite broadening price rises, which are driven by rising commodity prices and forex fluctuations
• Many members spoke about importance of wage hike in achieving price target
• A few members said recent increase in BOJ's bond buying was necessary step to achieve its monetary adjustment guidance, must keep buying bonds

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inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term

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Full text is here at the BOJ website

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Background to this:

The Bank of Japan left policy unchanged at that monetary policy meeting:

• BOJ announce no change to monetary policy

The minutes are preceded many weeks in advance by the 'Summary', which does make the minutes somewhat stale:

• Bank of Japan Summary of Opinions at the Monetary Policy Meeting, June 2022

For the full text of the Summary:

• Bank of Japan Summary of Opinions at the Monetary Policy Meeting, June 2022