Bank of Japan October Policy Meeting Minutes: Multiple Board Members Warn of Inflation Risks

BlockBeats News, December 24th. Minutes of the Bank of Japan's October policy meeting showed that a board member stated that both business and household inflation expectations had reached 2% and that the risk of price increases must be monitored. Another member mentioned that fiscal policy is a key factor in setting economic and price forecasts.

A few members pointed out that core inflation is gradually accelerating but has not yet reached 2%. One member mentioned that Japan is expected to achieve the Bank of Japan's price target in the spring of next year, at which point wage growth may be necessary to meet the target.

Several members noted that the depreciation of the yen could lead to inflation overshooting due to higher import prices. (Wall Street News)