BOJ March monetary policy meeting minutes – full text

Bank of Japan Minutes not shedding too much further light on policy deliberations

Headlines via Reuters:

 

  • members agreed YCC exerting intended policy effect
  • some members said review confirmed some fluctuations in bond yields won’t diminish impact of monetary easing
  • some members said must scrutinise financial system developments due to accumulating side-effects of easing on banking system
  • members agreed BOJ must respond flexibly, effectively without hesitation to changes in economic, price and financial developments
  • a few members said appropriate to stress anew that excessive falls in super-long bond yields could hurt economy in long run

 

 

The full text is here if you wish

 

Bank of Japan Minutes not shedding too much further light on policy deliberations