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Minutes of meetings of the Board of Directors of the Bank of Japan pointed to a split among its members
22:48
According to the minutes of the Board of Directors of the Bank of Japan, not all of its members agree with the forecast of the central bank to achieve a two-percent inflation rate within a specified time limit.
On Monday, the Bank of Japan published the minutes of the Board of Directors, which was held in late April.
According to the protocol of the 9 members of the Board of Directors of the bank, most consider it possible to achieve by the end of that two-year period, namely, for the fiscal year 2015 inflation target of about 2%.
However, some board members were skeptical of this forecast. They said that the achievement of this goal within a specified time is unrealistic.
According to them, it is unclear whether the wait will raise prices to higher inflation rates.
