The Bank of Japan (BoJ) board members shared their views on monetary policy outlook on Wednesday, per the BoJ Minutes of the April meeting.
Key quotes
Member agreed consumption likely to increase moderately.
A few members said companies might become more active in raising prices, wages than initially expected.
Members discussed risks associated with impact of weak yen on inflation.
One member said impact of weak yen on inflation, wages may not prove temporary.
One member said weak yen could lead to overshoot in underlying inflation.
One member said the BOJ must scrutinise without any preset idea the chance firms may renew efforts to pass on rising import costs via price hikes.
Members shared view the BOJ must scrutinise how recent yen falls could affect underlying inflation.
One member said key to future monetary policy outlook would be capex, consumption.
One member said there were various upward risks to inflation
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