6 Nov 2014
BoJ minutes: Most members agreed yen depreciation positive on the whole
FXStreet (Bali) - The minutes of the monetary policy meeting
on October 6 and 7 - one meeting before the QQE2 announcement -, offered little surprises to the market.
Key headlines - via Reuters
A few members said impact of negative treasury bill yields should be monitored carefully
Most members agreed that yen depreciation is having positive effect on the whole
A few members said if yen depreciation prolonged, could restrain offshoring of japanese production
Members also agreed that weak yen had some negative effects on terms of trade
A few members said slowing inflation may be due to lack of momentum in private consumption
Some members said inflation might fall below 1 pct due to falling energy prices
Most members said inflation is likely to pick up again as output gap improves
on October 6 and 7 - one meeting before the QQE2 announcement -, offered little surprises to the market.
Key headlines - via Reuters
A few members said impact of negative treasury bill yields should be monitored carefully
Most members agreed that yen depreciation is having positive effect on the whole
A few members said if yen depreciation prolonged, could restrain offshoring of japanese production
Members also agreed that weak yen had some negative effects on terms of trade
A few members said slowing inflation may be due to lack of momentum in private consumption
Some members said inflation might fall below 1 pct due to falling energy prices
Most members said inflation is likely to pick up again as output gap improves