BoJ Minutes: Appropriate to persistently continue with the current powerful monetary easing
|Bank of Japan Minutes noted that most members shared the recognition that it was appropriate to persistently continue with the current powerful monetary easing.
Key notes
- Most members said must be mindful of downside risks to economy but momentum for hitting price target sustained.
- BoJ January meeting minutes: one member said BoJ must ease policy as economy already lost momentum to hit price goal.
- BoJ January meeting minutes: one member said japan must brace for chance of recession, BoJ must strengthen coordination with fiscal policy.
- One member said lower rates might have only limited positive impact on economy prices.
- One member said there are views negative rate could hurt sentiment by making households, firms more pessimistic about economic outlook.
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