- Says Japan’s economy is picking up gradually.
- Economy has returned to recovery path.
- Says they will implement monetary easing seamlessly.
- One member said economy did not beat deflation after two years of easing.
- One member said they should seek way to boost inflation expectations by influencing FX rates.
- Several members said BOJ should send strong message that it will take bold steps if needed.
- MOF Rep. said hopes BOJ takes decisive steps to achieve 1 % inflation goal.
- Several said there is a risk Japan’s economic recovery could be delayed.
- Some said prolonged slowdown in overseas economies could delay Japan’s recovery.
BBG/RTRS
Nothing new with the BOJ set to continue it’s monetary easing by increasing the amount outstanding in the Asset Purchase Program.
USD/JPY trading near session lows at 78.09/12.
