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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

EUR/JPY moving along the 143 handle in tight channel

EUR/JPY is trading at 143.10, down -0.10% on the day, having posted a daily high at 143.30 and low at 143.03.
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