Some in BOJ said upward price pressure building up: December meeting minutes

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Some in BOJ said upward price pressure building up - Dec meeting minutes

TOKYO: Several Bank of Japan policymakers said consumer inflation was facing upward pressure with prices rising for a wide range of goods, minutes of their December meeting showed on Friday .

But a number of BOJ board members stressed the need for the central bank to maintain its ultra-loose monetary policy with inflation still distant from its 2 per cent target, the minutes showed. At the December meeting, the BOJ dialled back emergency pandemic funding but maintained its massive stimulus programme.

 

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