Nothing in these is a game changer. Headlines via Reuters:
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Members agreed it was important to check whether wage hikes will
continue next year and onward -
a few members said chance of firms
continuing to raise wages next year was high -
one member said
there was strong chance corporate wage, price-setting behaviour will
be sustained -
one member said must check whether wage rises will
broaden as 60% of Japan’s small, medium-sized firms run red ink and
have weak profit standings -
one member said inflation could
overshoot expectations as change in corporate behaviour broadens -
one
member said wages, sales prices could rise at pace unseen in past -
one
member said many small, medium-sized firms say they have trouble
passing on rising costs, which could mean wage growth could lose
momentum -
members agreed the BOJ must maintain current monetary
easing to stably, sustainably hit price target -
many members said
Japan has stable, sustained achievement of price target, accompanied
by wage growth, was not yet in sight -
one member said there was
still big distance before tweaking negative rate policy -
One member said the BOJ must sustain YCC framework in line with
commitment it has made in its statement -
one member said now is
time to wait for trend inflation to heighten -
one member said the BOJ could gain clarity in Jan-March next year to determine whether Japan
can sustainably hit price target
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