- There was a view in today's meeting that there was upwards pressure on inflation
- Looking at various indicators to determine underlying inflation
- Some members said need to pay attention to risks of price overshoot
- Will make decision as we look at domestic price, wage trends and overseas uncertainties
The headline remark and talk of upside risks to inflation is stirring up the yen a little. USD/JPY is back down to 149.70 after briefly clipping 150.00 in the past 10 minutes.
