Bank of Japan minutes: falling oil prices will weigh on inflation in the short-term

Market news

26 January 2015

Bank of Japan minutes: falling oil prices will weigh on inflation in the short-term

The Bank of Japan (BoJ) released its minutes from the latest meeting. The BoJ's board members said that falling oil prices will weigh on inflation in the short-term but will stimulate economy in the long-term.

The minutes showed that eight of the BoJ's nine board members voted to continue expanding the monetary base at an annual pace of 80 trillion yen.

Some board members expressed concerns over weak consumer and business sentiment.

Foreign exchange market. American session: the U.S. dollar traded mixed against the most major currencies in the absence of any major reports from the U.S.

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