Forex News BOJ's June 12-13 meeting minutes show some policy board members stressing need to pay closer attention to downside risks to economy, while some noting upside risks to prices were also increasing even though second-round inflation effects not yet being seen. In sum, minutes of meeting, at which BOJ held interest rates steady at 0.50%, underscore dilemma faced by global monetary policy makers; need to maintain growth on one hand while forestalling inflation on other. For BOJ this will likely mean keeping interest rates steady at accomodative 0.5% for foreseeable future.
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