BOJ Minutes Dampens Sentiment

27 May 2013 27 May 2013

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Japanese shares slumped on Monday after the release of the BOJ minutes showed that some policymakers were concerned that the 2% inflation target is hard to achieve. The minutes for the meeting on April 26 showed that "a few" board members believed that it’s "highly uncertain whether changes in inflation expectations would lead to a rise in the actual rate of inflation".