boj minutes, 2021-01-21
In addition, a different member expressed the view that, as for the outlook for prices, the pace of increase in the inflation rate was likely to be quite moderate, with the past weakness in prices exerting downward pressure through the backward-looking expectation formation, although it was expected that downward pressure stemming from the negative output gap would wane gradually and inflation expectations would contribute to pushing up prices, albeit marginally.
Sentiment: neutral
Topic: mp_inflation