Minutes voor vergaderingen van de Policy Board
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Zakelijk vergaderminuten financieel het beleid leden had Board Meeting Minutes Voorbeeld Voorbeelden van vergaderingen met bestuursvergaderingen
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In terms of the outlook for prices, most members shared the view that (1) as the underlying trend in inflation steadily rose, the year-on-year rate of change in the CPI was likely to accelerate toward 2 percent, (2) the timing of reaching around 2 percent was likely to be during fiscal 2017, assuming that crude oil prices would rise moderately from the recent level, and (3) thereafter, the year-on-year rate of change in the CPI was likely to be around 2 percent on average.. A few members expressed a more cautious view on the outlook for the underlying trend in inflation, for reasons such as the following: (1) the direct positive effects of the past yen depreciation on CPI inflation were likely to wane gradually as the yen s depreciation trend against the U.S. dollar came to a halt, and (2) the base pay increase resulting from the wage negotiations between workers 15 and management this spring was somewhat lower than that in 2015, and there was a high degree of uncertainty as to whether firms price- and wage-setting stance would shift further toward raising prices and wages again.. With respect to the Bank s thinking behind its future conduct of monetary policy, most members shared the view that the Bank would (1) continue with QQE with a Negative Interest Rate, aiming to achieve the price stability target of 2 percent, as long as it was necessary for maintaining this target in a stable manner, and (2) examine risks to economic activity and prices, and take additional easing measures in terms of three dimensions -quantity, quality, and the interest rate -- if it was judged necessary for achieving the price stability target.. Vote on the Chairman s Policy Proposal on the Guideline for Asset Purchases To reflect the majority view of the members, the chairman formulated the following proposal to implement the guideline for asset purchases for the intermeeting period, and put it to a vote: (1) to purchase JGBs so that their amount outstanding would increase at an annua
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