The Bank of Japan (BoJ published the minutes of its December monetary policy meeting, with the key points found below (courtesy Reuters).
It is appropriate to continue easing persistently.
CPI was likely to gradually increase toward a target.
One member said no risks to the economy have materialized, so responding with policy could lead to imbalances.
One member said necessarily to strengthen monetary policy to achieve price target.
One member said conducting market operations to raise yields would tighten monetary policy.
One member said long-term yields should be allowed to temporarily turn negative.
One member said it sees room to revise JGB purchases.
One member said the demand for corporate bonds would increase if yields were higher.
One member premature tightening could strengthen side effects.
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