Meeting minutes for the December BOJ meeting
- it is appropriate to continue easing persistently
- CPI was likely to gradually increase toward a target
- One member said no risks to economy have materialized, so responding with policy could lead to imbalances
- one member said necessary to strengthen monetary policy to achieve price target
- one member said conducting market operations to raise yields would tighten monetary policy
- one member said long-term yields should be allowed to temporarily turn negative
- one member said it sees room to revise JGB purchases
- one member said demand for corporate bonds would increase if yields were higher
- One member premature tightening could strengthen side affects
- One member said being more flexible in the range of bond yields and interest rate target is one option in the future
The meeting minutes from the meeting can be found HERE
