BoJ Oct Summary of Opinions: one member said must patiently maintain monetary easing; One member said given extremely high uncertainty and must take steps to make YCC operation more flexible

• One member said Japan's long-term rates coming under unexpectedly strong upward pressure from rising US yields.
• One member said prospects for sustainably, stably achieving the BoJ's price target heightening compared with when the central bank met in July.
• One member said appropriate to make YCC more flexible at this meeting, as real interest rates remain very low due to rising inflation expectations.
• One member said BoJ must gradually adjust the degree of monetary easing.
• One member said making YCC more flexible now will have huge benefits for future smooth exit from easy policy.
• One member said important to communicate to markets that investors need to prepare for a world when interest rates turn positive.

Via BoJ