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Bank of Japan November meeting Minutes

BOJ meeting minutes

Quick headlines via Reuters:

  • Most members shared view underlying trend in inflation had been improving steadily
  • Many members shared view BOJ should make policy adjustments without hesitation if underlying trend in inflation changed
  • Members shared view it was important for rise in the underlying trend in inflation to be reflected in spring wage negotiations
  • A few members said unless wages rose, households could again increase resistance to rising food, daily necessity prices
  • A few members said it was necessary to closely monitor whether firms' price-setting strategy would change as input prices declined on the whole
  • Some members said global market developments continued to warrant attention, particularly given emerging market slowdown
  • Members shared view economic activity in Asia remained in deceleration phase on the whole
  • Members shared view that, despite the slowdown in emerging economies, corporate profits continued to improve markedly
  • Many members said firms will show more proactive attitude to wards wages and capex once emerging economies improved

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Full text is here: Minutes of the Monetary Policy Meeting on November 18 and 19, 2015 [PDF 92KB]

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These Minutes are quite stale given the (minor) policy action the BOJ took at its December meeting. The Minutes of that meeting should be much more interesting given there were 3 dissents to even the negligible policy action taken. They're due in January.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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