BOJ Minutes: sustainable & stable achievement of the price stability target not in sight

<p>These are the minutes of the September Bank of Japan meeting:</p><ul><li><a href="https://www.forexlive.com/centralbank/boj-makes-no-change-to-its-major-policy-planks-no-change-to-forward-guidance-20230922/" target="_blank" data-article-link="true">BoJ makes no change to its major policy planks, no change to forward guidance</a></li></ul><ul><li><a href="https://www.forexlive.com/centralbank/boj-september-meeting-summary-yen-oil-price-moves-may-stop-inflation-from-falling-much-20231002/" target="_blank" data-article-link="true">BOJ September meeting summary – Yen, oil price moves may stop inflation from falling much</a></li></ul><p>Highlights:</p><ul><li>members agreed that sustainable and stable achievement of the price stability target,
accompanied by wage increases, had not yet come in sight</li></ul><ul><li>
One member said such judgement cannot be made under current
circumstances that achievement of 2 % target unforeseeable</li><li>One member said such
judgement cannot be made under current circumstances that achievement
of 2 % target unforeseeable</li><li>Most members said no
need to take additional steps on YCC operations as L-t rates
relatively stable</li></ul><p>Full text:</p><ul><li><a href="https://www.boj.or.jp/en/mopo/mpmsche_minu/minu_2023/g230922.pdf" target="_blank" rel="nofollow">Minutes of the
Monetary Policy Meeting
on September 21 and 22, 2023</a></li></ul><p>—-</p><p>I posted last week on who attends these meetings, the list is long!</p>

This article was written by Eamonn Sheridan at www.forexlive.com.