• One member said BOJ needs to patiently continue with monetary easing toward achieving the price stability target.
• Yield on 10-yr JGB JP10YTN=JBTC down 1 BPS at 0.630%.
• One member said there is still a significantly long way to go before revising the negative interest rate policy, and the framework of yield curve control needs to be maintained.
• One member said strictly capping 10-year Japanese Government Bond (JGB) yields at the 0.5 percent level could affect the functioning of bond markets and the volatility in other financial markets.
• One member said given that there are increasingly significant upside and downside risks to the outlook for prices, it is appropriate for the bank to conduct yield curve control with greater flexibility in order to respond to these risks.
• One member said the bank should conduct yield curve control with greater flexibility and thereby make preparations, so that it can successfully continue with monetary easing while nimbly responding to both upside and downside risks.
• One member said until the likelihood of achieving the price stability target rises sufficiently, the bank needs to maintain yield curve control while conducting it with greater flexibility.
• One member said in order to ensure that monetary easing can be continued smoothly for as long as necessary, it is desirable that the bank increase the flexibility of yield curve control to a certain extent in advance while it is able to do so.
• One member said to ensure monetary easing can be continued smoothly for as long as needed, it is desirable to increase flexibility of yield curve control to a certain extent in advance while it is able to do so without turmoil.
• One member said achievement of 2% inflation in a sustainable and stable manner seems to have clearly come in sight.
• One member said while conducting yield curve control with greater flexibility as a preventive measure against future risks, the bank should maintain its basic stance that it will continue with monetary easing.

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