BOJ Sep meeting minutes - concerns weak yen could hurt households, small firms, services

Bank of Japan Minutes (link is to the full BOJ text) from the Monetary Policy Meeting held on September 21, 22.

The 'summary' precedes the minutes by many, many weeks: BOJ September. meeting summary: Core inflation likely to increase more slowly in 2023

Headlines via Reuters:

  • A few members said need to be vigilant to impact monetary tightening by some central banks could have on global markets
  • Members agreed japan's economy is picking up
  • Several members said weak yen could hurt households, small firms and non-manufacturers
  • One member said weak yen has effect of pushing up domestic economic activity in long-term
  • Some members said must expand inbound tourism, capex, hike wages to maximise merits of weak yen
  • One member said various indicators on trend inflation rising

JPY

Bank of Japan Governor Kuroda

Bank of Japan Governor Kuroda

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