BOJ opinion summary from July meeting: Bond market volatility may heighten

The Bank of Japan 'Summary of Opinions' for July 28/29 meeting is out, noting that economy, prices improved markedly in past 3 years but price target yet to be achieved, adding that bond market volatility may heighten Reuters reports.

Headlines

One member said need to conduct thorough assessment of policy effect to gauge what is needed to hit 2 pct inflation

Must eliminate view there are limits to monetary easing, or that there are drawbacks to easy policy

Impact of further declines in long-term interest rates on capex is limited

Bond market volatility may heighten as market liquidity for long-term JGBs sharply falling