Bank of Japan April policy meetingtabletoparcademachinesummary of opinions showstabletoparcademachineMembers closely monitored the impact of the weak yen on inflation and expected a faster rate increase as a result. "Against the backdrop of a weakening yen, if underlying inflation continues to rise away from the benchmark scenario, the pace of monetary policy normalization is likely to accelerate," one of the nine members said, according to a summary of opinions from the April 25-26 policy meeting released Thursday. Another member pointed out that due to the depreciation of the yen and high oil prices,"the risk of prices deviating upward from the benchmark scenario is a cause for concern."
