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.

Full minutes

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.