boj minutes, 2003-08-08
Another member said that prices were likely to be under downward pressure at the present level of the unemployment rate of 6.2 percent, based on the generally accepted level of the non-accelerating inflation rate of unemployment (NAIRU)-the rate of unemployment at which inflation was neither accelerating nor decelerating-in the United States of about 5.0-5.4 percent.
Sentiment: neutral
Topic: mp_interest_rate