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Bank of Japan 'Summary of Opinions' for the July 28/29 meeting

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- One member said need to conduct thorough assessment of policy effect to gauge what is needed to hit 2 pct inflation

- Economy, prices improved markedly in past 3 years but price target yet to be achieved

- Must eliminate view there are limits to monetary easing, or that there are drawbacks to easy policy

- Impact of further declines in long-term interest rates on capex is limited

- Bond market volatility may heighten as market liquidity for long-term JGBs sharply falling

- Must avoid overseas uncertainties from hurting sentiment among companies, households

Yen is weakening after the statement.


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