Investing.com - Monetary policy makers in Japan said steps take in the December Bank of Japan board meeting were adjustments to policy, not easing, as downside risks were noted, but not seen as heightened, according to a summary of minutes released on Friday.
"While the supplementary measures decided this time are not additional monetary easing, they enable the bank to steadily continue with quantitative and qualitative monetary easing (QQE) through smoother asset purchases and, if judged necessary, to make appropriate adjustments in a timely manner," the summary said.
"Since downside risks to the outlook for economic activity and prices have not increased, the bank should maintain the current guideline for money market operations."
The BoJ will release the full minutes of the December meeting on Feb. 3.