Bank of Japan January minutes, full text here.
Headlines via Reuters:
- Members agreed Japan's economy expected to recover
- Members agreed Japan's inflation likely to slow toward latter half of next fiscal year
- One member said there is good chance inflation will remain fairly elevated
- One member said corporate pass-on of costs will likely peak out in latter half of this year
- Members shared view underlying rise in inflation likely to lead to sustained price rise backed by wage hikes
- One member said Japan's economic recovery may slow given uncertainty on overseas developments
- Members agreed boost to consumption from pent-up demand may turn out to be weaker than expected depending on covid developments
- Members agreed there was risk inflation, wages could rise more than expected
more to come
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From earlier in the session, background to this.
From the January meeting summary:
The BOJ did do a little tinkering:
BOJ meeting minutes are preceded, by many, many weeks, by the 'Summary of Opinions' of the meeting. For January this is here:
- BoJ January policy meeting Summary of Opinions - more time needed to assess December move
- Was there heated debate at the Bank of Japan January meeting?
