BoJ Minutes from the January 22nd-23rd meeting stated some members expressed the recognition that the Bank was currently at the stage of closely monitoring developments in economic activity and prices as well as financial conditions
Importance
Level 1
- One member said downward pressure on consumption from higher interest rates warranted attention, but the impact on the overall financial system was likely limited.
- Some members said financial institutions’ lending attitudes and firms’ financial positions have so far remained broadly favourable.
- One member said if the pace of policy rate hikes is not too rapid, the BoJ does not need to be overly concerned about the impact on firms’ business performance.
- One member said the BoJ can keep the policy rate steady at this meeting, with little risk of being seen as falling behind the curve.
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