BOJ board debated risk of overshoot in inflation

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TOKYO: Some Bank of Japan policymakers said inflation may overshoot initial expectations, with one member saying it was important to communicate an exit strategy from ultra-easy policy when the 'right timing comes,' a summary of opinions at the BOJ's September meeting showed on Monday (Oct 3). 'There's a r

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TOKYO: Some Bank of Japan policymakers said inflation may overshoot initial expectations, with one member saying it was important to communicate an exit strategy from ultra-easy policy when the"right timing comes," a summary of opinions at the BOJ's September meeting showed on Monday .

"Companies continue to announce plans of price hikes against the background of higher raw material costs. Price rises are likely to continue for a wide range of products," according to another opinion shown in the summary. Many opinions, however, called for the need to maintain ultra-loose policy due to Japan's still weak economy and an expected slowdown in inflation next fiscal year, when the impact of soaring fuel costs dissipate, the summary showed.

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