the bank of Japan September meeting’s summary of opinions cam with the BoJ saying it must maintain current powerful monetary easing, momentum for hitting price goal sustained.
- Closer attention is needed to risk economy may lose momentum for hitting price goal, desirable to make that point clear in policy statement.
- BoJ must communicate to public it always has all options on table in easing policyBoJcan leave policy steady for time being but should mull policy response to risks with eye on side-effects of its stimulus.
- BoJ must mull whether additional easing needed, putting all options on table.
- BoJ must pre-emptively ease policy by cutting short-term rate target, accompany it with stronger commitment, coordination with fiscal policy.