The Nikkei with its take on yesterday's Summary of Opinions from the BOJ
- The summary of the January meeting
Full minutes will be published about a month from now (well, 6 weeks ... March 14)
Says the paper:
Following a two-day policy meeting that ended Jan. 23, BOJ Gov. Haruhiko Kuroda said there was only a "very limited debate" on the possibility of tapering monetary easing. But according to a summary of opinions voiced during the meeting, at least two board members argued for a change to the BOJ's approach.
It "may be necessary to consider what the desirable policy conduct would be going forward," one member said. The discussion also touched on re-examining the bank's interest rate targets and exchange-traded fund purchases -- a more extensive debate than the BOJ chief is willing to admit.
Those arguments stem from Japan's robust economic recovery, now the second-longest since World War II. The economy is also expanding in a record six regions across Japan, according to a January report by the central bank.
Here is the link to the article, may be gated.
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I mentioned this in the post: 'Summary of opinions' of the January meeting:
- There may be chance BOJ must mull adjusting level of yield targets if economy, price moves continue to improve
Previously the Bank was firm on no change to policy until the price target (2% inflation) was hit and stable ... here they introduce the idea that maybe they'll change as the economy improves (which its doing)
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