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According to the BOJ Summary of Opinions from its January 30/31 meeting, it will take some time for inflation to accelerate, adding that concerns over the ability of the Central Bank to control its yield curve could grow.
Additional headlines - via Reuters
CPI likely to rise due to tightening of output gap, less pressure from commodities prices
Very unlikely inflation expectations will increase significantly
Momentum toward 2 pct price target maintained but not sufficiently firm
BOJ should be prudent in changing monetary policy hastily