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MNI BRIEF: Price Upside Risk, Faster Normalisation - BOJ Opinions

(MNI) Tokyo
(MNI) TOKYO

Bank of Japan board members noted the upside risk to prices and the potential for faster monetary policy normalisation driven by the weaker yen at the April 25-26 meeting, the summary of opinions showed on Thursday.

One member said underlying inflation could continue to deviate upward from the baseline scenario against the backdrop of a weaker yen increasing the pace of policy normalisation.

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Bank of Japan board members noted the upside risk to prices and the potential for faster monetary policy normalisation driven by the weaker yen at the April 25-26 meeting, the summary of opinions showed on Thursday.

One member said underlying inflation could continue to deviate upward from the baseline scenario against the backdrop of a weaker yen increasing the pace of policy normalisation.

Keep reading...Show less