- 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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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:
The minutes are preceded many weeks in advance by the 'Summary', which does make the minutes somewhat stale:
For the full text of the Summary: