boj minutes, 2005-10-31
They also said that the Bank should point out both upside and downside risks to the outlook for price developments and raised the following risks unique to prices: the uncertainty over developments in the prices of crude oil and other commodities; an increase in inflationary expectations against the background of a sustained narrowing of the output gap; and the intensification of competition among firms reflecting, for example, further deregulation.
Sentiment: neutral
Topic: mp_inflation