I am reading the latest #BoJ Minutes, and the following section concerns me a lot: 

“Some BOJ members observed minimal risks of inflation escalating uncontrollably, suggesting no immediate urgency to hike rates.”

I have reached a point where I put in doubt the BoJ independence.

YoY inflation in #Japan is hovering around 3.6%, and the 10-year yield is only around 1.1%.

How these bureaucrats are confident that #Inflation is not posing any risk is beyond my understanding!
#BoJ