BOJ Minutes: sustainable & stable achievement of the price stability target not in sight

These are the minutes of the September Bank of Japan meeting:

• BoJ makes no change to its major policy planks, no change to forward guidance

• BOJ September meeting summary – Yen, oil price moves may stop inflation from falling much

Highlights:

• members agreed that sustainable and stable achievement of the price stability target,
  accompanied by wage increases, had not yet come in sight

• One member said such judgement cannot be made under current
  circumstances that achievement of 2 % target unforeseeable
• One member said such
  judgement cannot be made under current circumstances that achievement
  of 2 % target unforeseeable
• Most members said no
  need to take additional steps on YCC operations as L-t rates
  relatively stable

Full text:

• Minutes of the
  Monetary Policy Meeting
  on September 21 and 22, 2023

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I posted last week on who attends these meetings, the list is long!

This article was written by Eamonn Sheridan at www.forexlive.com. Source