August 05, 2024 at 12:53AM
Bank of Japan June meeting minutes
A few members said import prices rising due to recent yen fall,
creating upside inflation risk
One member said
cost-push inflation could heighten underlying inflation if it leads
to higher inflation expectations, wage increases
One member said
pass-through of higher labour costs accelerating, could appear in
consumer inflation
One member said BOJ
might need to consider adjusting degree of monetary easing as
inflation might overshoot due to renewed cost-push pressure
One member said BOJ
must raise rates at appropriate timing without delay
One member said rate
hike must be done only after inflation makes clear rebound, data
confirms heightening in inflation expectations
Members agreed
recent weak yen pushes up inflation, warrants vigilance in guiding
monetary policy
One 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.