BOJ members express concern about weak Tokyo CPI
[TOKYO] Some Bank of Japan board members expressed concern about weak gains in Tokyo consumer prices and said this should be monitored to see what implications there are for nationwide consumer prices, minutes of the central bank's May 21-22 policy meeting showed on Wednesday.
However, many members agreed that the underlying price trend remained intact and the BOJ is likely to meet its 2 per cent inflation target around the first half of fiscal 2016, the minutes showed.
Members also said industrial production could weaken for the time being, but the economy would remain on a recovery path due to strong domestic demand, the minutes showed.
The BOJ has stood pat on monetary policy since expanding stimulus in October last year to prevent slumping oil prices, and a subsequent slowdown in inflation, from delaying achievement of its 2 per cent inflation target.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
China central bank flags bond investment risks to some financial institutions: sources
Xi tells Blinken US, China should be 'partners, not rivals'
Indonesia’s push for regional economic integration to continue under Prabowo: Vivian Balakrishnan
Outgoing Singapore, Indonesia leaders to hold their final retreat in Bogor on Apr 29
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
China passes tariff law as tensions with trading partners simmer