BoJ minutes: QE to continue until price stability target of 2%

FXStreet (Bali) - The BoJ minutes for the June policy meeting has been released, with most members sharing the view that the BOJ would continue with QE to achieve the price stability target of 2%, as long as necessary.

Further headlines (via Reuters)

Members shared view that impact of QE is firmly taking hold, supporting firms’ and households’ spending.

Members agreed that geopolitical risks continue to warrant attention

Some members said decline in interest rates worldwide might reflect weaker outlook for mid- to long-term growth

Members agreed asian economies likely to lack momentum because of weak demand, especially in thailand

Members shared view that the economy continues to recover moderately as a virtuous cycle among production, income and spending continued to operate

Members agreed that japan's exports had leveled off but were likely to increase moderately, mainly due to a recovery in overseas economies

Members concurred that private consumption was likely to remain resilient as a trend, supported mainly by improvement in the employment and income situation