TOKYO: Bank of Japan policymakers hoped that accelerating coronavirus vaccinations would prop up the economy, but saw any inflationary pressures as subdued given the fragile recovery, a summary of their debate at a Jun 17-18 meeting released on Monday showed.
At the June meeting, the BOJ kept monetary policy steady and unveiled a plan to boost funding for fighting climate change to be rolled out by the end of this year. The upbeat assessments underscore the BOJ's view the economy will emerge from the doldrums on robust exports and a pick-up in domestic demand, without needing additional monetary support.Some policymakers saw signs of a rebound in inflation with one voicing hope that pent-up demand will help accelerate inflation in the latter half of this year, the summary showed.