From the Bank of Japan

  • One member said some time needed for effect of negative rate policy to show on economy, prices
  • One member said downside risks to economy remain large, BOJ shouldn't hesitate taking additional easing steps if needed
  • One member said should examine additional easing steps if needed to hit price target
  • One member said should enhance sustainability of current policy framework as it may take quite long time to hit price target
  • One member said now is time to examine effect of negative rate policy, with eye on global economic developments

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Full text is here


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Wait while we do an assessment, and if needed we can do more. That's pretty much it.

Yawn.