The minutes of the Bank of Japan's July meeting were published, and some policy board members suggested the possibility of accelerating the pace of rate hikes. The minutes reflected growing caution over upside risks to prices.
The Bank of Japan published the minutes of the Monetary Policy Meeting held on 30 and 31 July.
The minutes stated that the risk of waiting, as in the past, could no longer be considered small, and included some views on the degree of monetary easing.
Caution over price trends was emphasized, and some observers noted that this could affect the conduct of monetary policy going forward.