Financial: BoJ Minutes: Downward Price Pressure Likely To Persist

(RTTNews) - Members of the Bank of Japan's monetary policy board felt that deflationary pressures are likely to continue for some time, minutes from the board's meeting on January 25 and 26 showed on Tuesday.

Some of the members felt that the equity markets are becoming increasing focused on the fiscal health of the government, the minutes showed, and that new lending opportunities have added to the overall easing of stimulus.

At the meeting, the bank decided to leave its uncollateralized overnight call rate unchanged at 0.10% and held off on new policy initiatives. It also retained its assessment of the domestic economy

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