BoJ’s Summary of Opinions: BoJ expects to raise interest rate if underlying inflation rises as projected

One member said BOJ expected to raise interest rate if underlying inflation rises as projected.

One member said given chance of upside risk to inflation, must consider further adjustment to degree of monetary easing

One member said must raise interest rate in timely fashion without delay in accordance to heightening chance of achieving price target.

One member said BOJ can wait in shifting level of interest rate until it can confirm through data clear uptrend in inflation, inflation expectations.

One member said it is appropriate to keep easy policy for the time being due to lack of strength in consumption, some disruption to auto shipments.

One member said weak yen could lead to overshoot in inflation, which means appropriate level of policy rate would be pushed up.

One member said FX volatility affects a wide range of economic activity, and levels that deviate from fundamentals would hurt the economy.

One member said monetary policy isn't swayed by short-term FX volatility.

One member said BOJ must trim bond buying by a sizable amount in a predictable fashion.

One member said must diminish BOJ's presence in the bond market by trimming its bond buying.

One member said must normalise BOJ's balance sheet at appropriate, timely fashion while staying in close dialogue with market participants.

One member said BOJ should spend time and cautiously proceed with bond tapering.

One member said no change to BOJ's baseline scenario on economy, price data also on track.

One member said consumption lacks momentum, watching to what degree wage hikes, government steps will push up consumption.

One member said risk of inflation overshoot behind worsening consumer sentiment.

One member said underlying inflation yet to reach 2%.

One member said Japan making steady progress toward achieving price target, when looking at corporate wholesale, service price data.