Japan has only recently emerged from a fourth wave of infections. A decline in the pace of new cases and a pick-up in vaccinations prompted authorities to ease a state of emergency in Tokyo and eight other prefectures on June 20.
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."While uncertain and patchy, progress in vaccinations has made the global economic recovery clearer. Japan hopefully will see something similar happen," another opinion showed.
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.
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