Global slowdown affecting Japan's exports, production
Overseas developments will affect Japan for some time
Japan economy remains in moderate expansion
Momentum towards achieving 2% inflation target is maintained
There is a need to achieve 2% inflation target
Not desirable for economy if only prices rise
Also need to consider that easing policy could affect financial intermediation
Need more time to see overall movement in wages
Spring wage negotiations still ongoing, still too early to see the whole picture
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