Bank of Japan minutes from its March policy meeting – full text
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- Members agreed BOJ would continue to raise rates if its economy, price outlooks were to be realised
- One member said it’s appropriate to pay close attention to the new U.S. policies and their impact on the global economy
- One member said BoJ would need to be particularly cautious when considering the timing of next rate hike as downside risks stemming from U.S. policies had rapidly heightened
- One member said, even with heightened uncertainties, it did not warrant BoJ to be always cautious and BOJ may face a situation where it should act decisively
- One member said necessary to make nimble adjustments to the degree of monetary accommodation if it needed to avoid overheating of financial activities
This article was written by Eamonn Sheridan at www.forexlive.com.
