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BoJ Minutes: Most members agreed it is appropriate to continue easing consistently

Following the latest Consumer Price Index from Japan for December, we now have the Bank of Japan Minutes. 

BoJ Minutes

BoJ December Monetary Policy Meeting – Full Minutes

  • Risks to the economy and inflation Warrant attention.


The Bank of Japan publishes a study of economic movements in Japan after the actual meeting. These meetings are held to review economic developments inside and outside of Japan and indicate a sign of new fiscal policy. Any changes in this report tend to affect the JPY volatility. Generally speaking, if the BoJ minutes show a hawkish outlook, that is seen as positive (or bullish) for the JPY, while a dovish outlook is seen as negative (or bearish).

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