- 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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