Some Bank of Japan policymakers said inflation may overshoot initial expectations, with one member saying it was important to communicate an exit strategy from ultra-easy policy when the 'right timing comes,' a summary of opinions at the BOJ's September meeting showed on Monday.
A vendor sells fishes at a shop at the Ameyoko shopping district in Tokyo, Japan, May 20, 2022. REUTERS/Kim Kyung-HoonOne member voiced concern over bond market functioningBOJ kept monetary policy ultra-loose at Sept meeting
"There's a risk consumer inflation may deviate significantly upward from our baseline scenario, partly due to the impact of exchange-rate moves. This needs to be examined humbly and without any preconceptions," one board member was quoted as saying. Many opinions, however, called for the need to maintain ultra-loose policy due to Japan's still weak economy and an expected slowdown in inflation next fiscal year, when the impact of soaring fuel costs dissipate, the summary showed.
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