Bank of Japan April monetary policy board meeting minutes
- Underlying trend in inflation improving gradually
- Japan's economy continuing to recover gradually
- A few members more cautious on outlook for Japan inflation trend
- Should consider more flexible JGB purchases
- A few members said negative rates impair JGB markets stability, impairs financial market function
- One member ... Effects of QQE diminishing, side effect larger
(Quick headlines via Bloomberg)
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Pretty much a same old from the minutes
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Note,
we do get a sort early heads up on these, a week or so after each
meeting Kuroda writes out the 'Summary of opinions', for April we got
these a good while ago:
Japan - BOJ Summary of Opinions of the April meeting
Update .... yen strengthening a little :
