BoJ Minutes: Most members felt that the Bank of Japan to improve the core inflation trend.

Most members thought that if price trends change, should not hesitate to take action.

One member considered marginal effect QQE is declining.

Japan’s economic growth may be higher than the potential level.

Most members felt that the Bank of Japan, in fiscal year 2017 economic growth will slow below potential.

A Bank of Japan members felt that, if necessary, ways to further relax the policy has no restrictions.

Few members felt that CPI can not be reached within the time limit in the Bank of Japan is expected to 2 percent inflation target.

On the price front of the downside risk.

source: WSJ

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Earlier Kuroda said, “the nation’s inflation trend is improving, with his bank this year highlighting a new core measure that excludes fresh food and energy costs. After keeping policy unchanged last Thursday, the BOJ said “inflation expectations appear to be rising on the whole from a somewhat longer-term perspective.”