BoJ minutes: some members highlight economic, price risks titled to downside

FXstreet.com (Barcelona) – The Bank of Japan Monetary policy minutes referring to the meeting held on Oct 31 has been published, and as expected, no surprises were seen, with the policy board of the Bank of Japan deciding, by a unanimous vote, to maintain money market operations so that the monetary base will increase at an annual pace of about 60-70 trillion yen.

According to the minutes, some members saw both economic and price risks tilted to the downside, with one member noting “could not yet judge Japan is on track to meet BOJ’s price target.”

Other members agreed on …read more