The 'summary' is out well ahead of the minutes and adds a bit more info to the post-meeting statement
- January statement: no change to policy but revisions to forecasts
highlights from the summary:
- It is necessary to pay close attention to bank profits
- bank profit margins have fallen because of increase in deposits has exceeded increase in loans
- room for current JGB purchases to be revised
- if downside risks to economy and prices materialise, BOJ should be prepared to make policy response
- important to continue with current monetary easing
- need ways to avoid expectations of no policy change becoming fixed even though price forecasts being downgraded
- a stance of taking swift, flexible action, including additional easing, in response to changes in situation is desirable
- prices expected to be pushed down due to large fall in oil prices since last autumn
Quick headlines via Reuters
Full text:
more to come
