Bank of Japan's July meeting minutes state that members shared the view that market sentiment remains cautious and that global slowdown fears have heightened.
A few members said price rises are broadening in Japan.
One member said wage pressures heightening.
A few members said consumer inflation to slow next fiscal year unless commodity prices continue to rise.
one member said japan is seeing an increasing chance of achieving sustained rise in inflation.
Members shared view must closely watch financial, fx market moves and their impact on economy, prices.
Members shared view rapid moves seen in fx market, must watch carefully impact of such moves on inflation.
One member said weak-yen pressure may ease as global economic slowdown weighs on global inflation, leads to lower long-term rates.
About the BoJ minutes
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).
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