BoJ Summary of Opinions (April monetary policy meeting)

• Japan’s economy is likely to recover mainly on external demand, but the outlook remains highly uncertain
• economy may see a sustained recovery once the pandemic subsides with households accumluating savings and deposits …. economy to benefit from unleashing pent-up demand 
•  risks to Japan’s economy remain skewed to the downside due to uncertainty
  over pandemic fallout
• global economic recovery remains uneven,
  also faces risks such as peak-out in growth, premature withdrawal of
  policy support
• must be vigilant to chance of incidents
  similar to collapse of US family office
• price falls among companies to draw in
  demand not broadening, inflation likely to gradually accelerate as
  economy improves
• inflationary pressure lacks strength in
  japan
• BOJ must focus on pandemic impact response
  as service sector remains under downward pressure

Full text 

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At the April meeting the major planks of policy were left unchanged:

Link here if you are after the background info to today’s ‘Summary’ from the Bank”: