BoJ Minutes: China's lockdown measures could exert significant downward pressure on Japan exports

The Bank of Japan's March meeting minutes are coming out in stages as follows@

Key notes

One member said markets may turn risk aversive if rising inflation triggers withdrawal of monetary easing by central banks

Members agreed japan's economy likely to recover on rising external demand, accomodative monetary policy

A few members said spring wage negotiations showed some bright signs such as big firms' wage hikes

More to come...

Meanwhile, the US dollar is firm at the start of the week and it is pushing the yen lower toward the cycle highs. 

About the BoJ minutes

The Bank of Japan publishes a study of economic movements in Japan after the actual meeting. These meetings are held to review economic developments inside and outside of Japan and indicate a sign of new fiscal policy. Any changes in this report tend to affect the JPY volatility. Generally speaking, if the BoJ minutes show a hawkish outlook, that is seen as positive (or bullish) for the JPY, while a dovish outlook is seen as negative (or bearish).