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BOJ minutes: some members worry about market volatility

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Some Bank of Japan policymakers said there is a risk global financial markets could become volatile due to diverging views about different countries'economies and their monetary policy, minutes of the central bank's September meeting showed on Friday - PHOTO: BLOOMBERG

[Tokyo] Some Bank of Japan policymakers said there is a risk global financial markets could become volatile due to diverging views about different countries' economies and their monetary policies, minutes of the central bank's September meeting showed on Friday.

Members also agreed that the economy is likely to continue to recover moderately as a trend as the labour market and wages improve, minutes of the Sept 3-4 meeting showed.

Most members also agreed that inflation is likely to accelerate in the second half of this fiscal year as the output gap improves, the minutes showed.

At the September meeting, the BOJ left its quantitative easing programme unchanged despite some weakness in household spending.

At a subsequent meeting this week the BOJ kept policy unchanged and lowered its assessment of industrial production.

- REUTERS