BOJ Minutes from November monetary policy meeting out now via ForexLive

Full text is here:

Minutes of the Monetary Policy Meeting on November 18 and 19, 2014 [PDF 86KB]

Some of the headlines on Reuters, highlights from the Minutes:

  • Members shared the recognition that possibility of low inflation rates becoming entrenched in euro zone warranted attention
  • Many members said Q3 GDP was indication of weak rebound from Q2 slump but virtuous cycle from income to spending continued to operate for households, corporate sectors
  • A few members said decline in energy prices was likely to positively affect private consumption as it would work to increase real income
  • Many members noted that indicators such as those of consumer sentiment showed that such sentiment had become somewhat cautious recently
  • Many members said fall in energy prices was likely to exert downward pressure on the CPI for the time being

Nothing much to surprise the markets in the Minutes

USD/JPY around 120.40 and EUR/JPY 146.79

Later in the session, at  0345GMT, Bank of Japan (BOJ) Governor Kuroda speaks in Tokyo.  He will be addressing the Keidanren business group and speaking on the state of the economy.

posted via ForexLive

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