Bank of Japan June meeting minutes
A few members said import prices rising due to recent yen fall,
creating upside inflation riskOne member said
cost-push inflation could heighten underlying inflation if it leads
to higher inflation expectations, wage increasesOne member said
pass-through of higher labour costs accelerating, could appear in
consumer inflationOne member said BOJ
might need to consider adjusting degree of monetary easing as
inflation might overshoot due to renewed cost-push pressureOne member said BOJ
must raise rates at appropriate timing without delayOne member said rate
hike must be done only after inflation makes clear rebound, data
confirms heightening in inflation expectationsMembers agreed
recent weak yen pushes up inflation, warrants vigilance in guiding
monetary policyOne member said
BOJ’s monetary policy should not be swayed by short-term fx moves
This article was written by Eamonn Sheridan at www.forexlive.com.
