BOJ March minutes: Economy continuing to recover gradually

The BOJ March meeting minutes has been released, noting that the economy is continuing to recover gradually.

Headlines

Most members agree to continue easing until 2% inflation stable

Most members agreed will take additional easing steps if needed

Inflation expectations weakened recently

Some members noted that attention should be paid to fact consumer sentiment indicators had shown somewhat sharp deterioration due to market turbulence

Members agreed that underlying trend in inflation had been improving steadily

Some members said yr-on-yr increase in cpi, excluding fresh food and energy, would come in lower than previously projected from early spring