BOJ Minutes: sustainable & stable achievement of the price stability target not in sight

These are the minutes of the September Bank of Japan meeting:

• BoJ makes no change to its major policy planks, no change to forward guidance

• BOJ September meeting summary - Yen, oil price moves may stop inflation from falling much

Highlights:

• members agreed that sustainable and stable achievement of the price stability target, accompanied by wage increases, had not yet come in sight

• One member said such judgement cannot be made under current circumstances that achievement of 2 % target unforeseeable
• One member said such judgement cannot be made under current circumstances that achievement of 2 % target unforeseeable
• Most members said no need to take additional steps on YCC operations as L-t rates relatively stable

Full text:

• Minutes of the Monetary Policy Meeting on September 21 and 22, 2023

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I posted last week on who attends these meetings, the list is long!