After the Bank of Japan kept its current monetary policy unchanged at its meeting on March 8-9. Summary of Opinions came to form a clearer picture of the views of the Bank's members in the coming period. The following are the highlights of the summary of views:
- It is necessary to continue the current expansionary monetary policy.
- We may take further expansionary measures if necessary.
- If there is risk achieving price target will be delayed, additional easing will be needs.
- The inflation target is still far away.
- BOJ should not consider changing its monetary policy at the moment.
- It is important to continue the asset purchase program to support rising inflation to the desired levels.
- Inflation momentum is not strong enough to reach 2% soon.
- Capital expenditure and consumption can be restricted if the yen appreciates and stocks fall.
- The Japanese economy continues to recover at a moderate pace.
- The economy is expected to continue to grow in the coming period.
