BOJ minutes: Need to keep policy easy as 2% inflation target still distant

The minutes of the June Bank of Japan (BOJ) policy meeting released this Tuesday morning showed-

• Many members agreed that there is a need to keep the policy easy as the 2% inflation target is still distant
• One member said that the BOJ should set asset buys as targets
• One member says “2% inflation target allows for less freedom”, calls for more flexibility
• Several members believe ‘information on QQE exit’ could cause market turbulence