BoJ minutes: QE should continue as long as necessary

FXStreet (Bali) - According to the BoJ April 7-8 minutes, just published, most members agreed the central bank should continue with QE as long as necessary to meet the 2 pct price target, Reuters reports.

Reuters provided further headlines: "One member said BoJ's easing should be restricted to about 2 years, while another said that speculation about protracted QE could lead to economic instability in the medium to long term; there was another member who mentioned that corporate profits, employment and income are improving significantly; one member also said front-loaded demand before sales tax hike in April was greater than last sales tax hike in 1997."

All members agreed that consumer spending is resilient, even though there are some fluctuations due to sales tax hike