Expect prices of processed goods, daily necessities to accelerate as private consumption increases gradually

Japan households becoming more accepting to price hikes, more retailers raising prices

BoJ is mindful that prolonged monetary easing risks hurting bank profits, financial intermediation

BoJ will proceed with powerful monetary easing under yield curve control

Still some distance to achieving 2 pct inflation target

One member said ycc does not rule out possibility of 10-yr yield becoming negative

A few members said BoJ would change market operations if yen appreciation were to impact economy

Some members said need to avoid hampering functioning of financial system

One member said a further increase in demand needed to raise prices