boj minutes, 2005-10-31
Many members said that the year-on-year rate of change in the consumer price index (CPI) was likely to be around zero percent in fiscal 2005 and a positive figure in fiscal 2006, in view of the gradually narrowing output gap and the weakening downward pressures from unit labor costs as an increasing number of firms perceived themselves as short of labor.
Sentiment: neutral
Topic: mp_inflation