Bank Of Japan Meeting Minutes: Apr 24-25

The Bank of Japan released its minutes of the April 24-25 meeting. 

Key notes:

• Most members shared the recognition that, although it would take time to achieve the 2 percent price stability target, it was appropriate to persistently continue with the current powerful monetary easing as the momentum toward achieving 2 percent inflation was being maintained with the output gap remaining positive
• Most members then shared the recognition that medium- to long-term inflation expectations were likely to follow an increasing trend and gradually converge to 2 percent.