BOJ Opinions: Yen, Stocks Could Delay 2% CPI

From marketnews.com

Sentiment and exporter profits would fall if the yen rise and stock market slump continued, which could limit wage and retail price hikes and delay the timing of the Bank of Japan achieving its 2% inflation target, the summary of opinions expressed at the bank's March 8-9 policy meeting released Monday showed. At the March meeting, the BOJ board decided in an 8-to-1 vote to maintain its monetary easing stance under the yield curve control framework it adopted in September 2016. No change in monetary policy was widely expected. The BOJ believes large monetary stimulus is still needed to guide low inflation around 1% ... (full story)