At 0050BST the BOJ released minutes from......>

JAPAN: At 0050BST the BOJ released minutes from their July 19-20 meeting.

Summary from BBG headlines: Most members agreed it's vital for Japan to reach 2%

inflation target but few agreed CPI won't reach 2% during the projection period

and one disagreed with 2% target saying 2% goal is a constraint on monetary

policy and the level makes it hard to normalise monetary policy. One member said

they should make price goal a mid-long term one however one said delays to price

goal could undermine BOJ credibility. (Full Minutes Available on BOJ Website)

- USD/JPY had little reaction to above, JGB's have crept up to yesterday's

Asia-Pac levels after a quiet overnight session but remaining steady... perhaps

there are more pressing concerns for the Asia markets; Japanese President Abe

yesterday formally announced the predicted snap election for next month and N.

Korea have taken Pres. Trumps comments as a declaration of war.