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BOJ minutes: Need to keep policy easy as 2% inflation target still distant

The minutes of the June Bank of Japan (BOJ) policy meeting released this Tuesday morning showed-

  • Many members agreed that there is a need to keep the policy easy as the 2% inflation target is still distant
  • One member said that the BOJ should set asset buys as targets
  • One member says “2% inflation target allows for less freedom”, calls for more flexibility
  • Several members believe ‘information on QQE exit’ could cause market turbulence

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