Ban of Japan minutes: Members shared view inflation expectations had weakened

The BOJ minutes from the July meeting, which ended in a major disappointment, are out, with members sharing the view that inflation expectations had weakened.

Headlines via Reuters

Members shared the view that inflation expectations had weakened recently

Members shared recognition that risks to Japan's economic activity and prices remained skewed to downside

Some members said Japan's inflation expectations were vulnerable to external shocks like oil price falls, slowdown in overseas economies

Many members said the Bank of Japan should expand ETF buying given the risk overseas economies uncertainties might affect business, consumer sentiment