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Bank of Japan July minutes show concern on reaching inflation aims

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Investing.com -

Investing.com - Several of the Bank of Japan's board members expressed a more cautious view on the economic outlook to reach a sustained 2% price stability target by fiscal 2015, according to minutes of the July policy meeting released on Wednesday.

"Some members held a more cautious view of the outlook for prices compared with the forecasts in the baseline scenario, mainly because there seemed to be a high degree of uncertainty surrounding the view that the year-on-year rate of increase in the CPI would reach around 2% around the middle of the projection period (to fiscal 2016)," the minutes showed.

In July, the BoJ decided by a unanimous vote to leave the bank's policy target unchanged as expected, maintaining its overall economic assessment.

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