The minutes of the Bank of Japan March 2019 meeting are stale.
Since then we have had the April meeting. There were no changes of substance in March.
The minutes reflect this, its on script with the familiar themes we have had for many years from the BOJ now:
- members greed it was correct to persist with current monetary policy easing measures
- prepared to respond if downside risks to economy, price materialise
- keeping en eye in side effects of easing on financial institutions and the functioning of markets
No discernible yen impact.
