BOJ Releases Minutes of July Meeting

  • A few members said BOJ should not rule out any options, stand ready to act if risks stemming from Europe debt woes materialize.
  • One member said “must be vigilant of risk of yen rise , stock fall hurting Japan economy.
  • MOF Rep: Hope BOJ acts vigorously , decisively to achieve 1 % inflation.
  • Members say they have been pursuing powerful easing.
  • Price gains without economic improvement not good.
  • Under-subscription due to drop in short term yields.
  • A few members said appropriate BOJ cut fixed -loan program size .
  • Some BOJ members said need way to ensure smooth T-bill buys.

Not sure , but I don’t think anything new in there .

USD/JPY unaffected at 78.33/35 , near highs of the session .

RTRS/BBG

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