Minutes from the Bank of Japan December 18/19 meeting out now via ForexLive

Minutes from the Bank of Japan December 18/19 meeting … looks like pretty stadard stuff from the:

•  Japan economy has continued to recover moderately
• BOJ to keep easing until 2% inflation stable

Full text

–

Developments have rendered these Minutes perhaps a little redundant

–

More (via Reuters):

• Members shared recognition global markets had shown some nervousness
• Some members said while oil price falls had positive effect on global economy, it could risk destabilising markets
• Some members said political turmoil in Greece might have adverse effects on euro-area economy
• Some members said oil price falls would support economic activity through rises in corporate profits, households' real income
• One member said there might be growing tendency among firms to postpone capex plans
• Some members said various surveys showed business sentiment had turned cautious
• Many members said relatively weak developments had been recently observed in consumer sentiment surveys
• Many members said oil price falls were likely to exert downward pressure on CPI for time being
• Many members said oil price falls would have positive effect on economy, push up prices long-term

USD/JPY just above session lows:

posted via ForexLive