BOJ Oct 30 Minutes

  • Members say BOJ will continue with ‘Powerful’ easing
  • Member Sato proposed saying BOJ will maintain easing until 1% CPI has been steadily maintained
  • Sato proposed emitting statement that CPI will move toward 1% in fiscal yr 2014
  • Members Sato, Kiuchi voted against economic outlook due to more cautious view on CPI
  • Some members said now is not the time to change wording on monetary policy
  • Members said economy weak due to overseas slowdown
  • Members agreed economy likely to improve in 2013 as o/seas economies pick up

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