Bank of Japan July meeting minutes, full text here. Members shared a view over the need for vigilance to the risk of inflation overshoot.Many members said it was appropriate to raise rates to 0.25%, adjusting the degree of monetary support.A few members said it was appropriate to adjust the degree of monetary support moderately.One member said economic conditions were good enough to somewhat push up the current very low policy rate.One member said they must be vigilant to the impact of rising inflation, driven in part by the weak yen, on household sentiment and small firms' costs.A few members said it was appropriate to gradually adjust very low rates now to avoid being forced to hike rates
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