Highlights of BoJ meeting minutes

The Bank of Japan noted that personal consumption rose at a moderate pace in the coming period. The highlights of the results of the Bank's meeting held on 18 and 19 September were as follows:
• Most members consider it appropriate to continue the current expansionary policy.
• Most members expect inflation to grow at a gradual pace of around 2%.
• Few members believe that increased external risks may narrow the positive production gap and put pressure on price growth.
• Only one member stated that the growth momentum of inflation has already declined.
• Developed economies are growing at a moderate pace. Despite the continuing risks.
• The US economy is growing at a moderate pace.
US economy has been weakened by some weakness in the developments of the manufacturing sector.
• The European economy continues its bearish trend but is improving somewhat at a moderate pace.
• China's economic growth is stable, but there is some weakness in the manufacturing sector.