6 Nov 2017 Yen Weaken For a Minute Although BoJ's Notes Expect Expectations The BoJ meeting minutes released on Monday (06 / November) said one of the central bank's officials said that yield curve policy alone is not enough to achieve 2 percent inflation. Because there is an excess in capital stock supply as well as the result of sales tax increase plan again in 2019. yen-japan Still in the minutes of the meeting that took place on September 20-21, the official added that an increase in demand is needed to achieve the two percent inflation target. In response, some members of the BoJ said that what the central bank needed was to avoid functional inhibiting of the financial system while implementing its current monetary policy. Nevertheless, the result of a more recent BoJ meeting, a meeting held on 30-31 October, a BoJ official named Goushi Kataoka, said that the BoJ should signal the possibility of raising the stimulus if there is a delay in achieving the inflation target. In addition, Kataoka is also pessimistic about the chance of achieving the 2 percent BoJ inflation target. This pessimistic view is also shared by the Governor of BoJ, Haruhiko Kuroda. From a Reuters report, Kuroda said that the BoJ is still far from the two percent inflation target. He acknowledged that it is important for people to really feel the inflation conditions above two percent. Therefore, the BoJ still needs to continue its loose monetary policy. Trader USD / JPY Put Stop Loss Despite nothing new from today's BoJ meeting minutes, USD / JPY was pushed up to 114,500 and triggered stop loss action as a consequence. When this news was written at 14:22 GMT, USD / JPY is trading at 114.36, down from the level reached some time after the minutes were released.