- BoJ minutes One BoJ member: vital to communicate BoJ’s persistent easing stance.
- One BoJmember: vigilance is required against economic risks.
- Most BoJ members: it would take time to reach inflation target – Appropriate to continue easing persistently
- BoJ Minutes in full.
The Bank of Japan publishes a study of economic movements in Japan after the actual meeting. These meetings are held to review economic developments inside and outside of Japan and indicate a sign of new fiscal policy. Any changes in this report tend to affect the JPY volatility. Generally speaking, if the BoJ minutes show a hawkish outlook, that is seen as positive (or bullish) for the JPY, while a dovish outlook is seen as negative (or bearish).