Members of the Bank of Japan's Policy Board pointed to the risk of inflation accelerating much faster than expected and said the country's past experience with deflation does not apply, a summary of its meeting in October showed Tuesday. At the Oct. 27-28 meeting, the BOJ unanimously decided to maintain ultralow interest rates to spur wage growth and achieve its 2 percent inflation target in a sustainable and stable fashion. The decision came despite core consumer prices in Japan remaining above that threshold for half a year. Some members stressed the need to clearly explain why monetary easi...
