BOJ April meeting minutes: Underlying trend in inflation improving gradually

Bank of Japan April monetary policy board meeting minutes was published ahead of the Tokyo open today, with the same familiar rhetoric still observed.

Headlines

Underlying trend in inflation improving gradually

Japan's economy continuing to recover gradually

A few members more cautious on outlook for Japan inflation trend

Should consider more flexible JGB purchases

A few members said negative rates impair JGB markets stability, impairs financial market function

One member said effects of QQE diminishing, side effect larger