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BOJ Minutes: Larger Risks; Longer Easing Needed
Bank of Japan board members are concerned at the potential impact on domestic prices if downside risks to the global economy materialize, according to the minutes of the central bank's October 30-31 policy-setting meeting. The minutes, released today, showed that the BOJ left policy setting unchanged because of continued solid domestic demand, which was confirmed through the September Tankan and its quarterly branch managers' meeting. Board members shared the view, however, of the potential impact of global downside risks. "Regarding the outlook for prices, risks to prices were skewed to the downside, mainly due to ... (full story)