Some BoJ members urged gradual rate hike

Minutes released Monday 7 May showed some members of the Bank of Japan's board called on the BoJ to do a better job communicating its intention of raising interest rates only gradually and without any timetable set in advance.

The minutes of the March 19-20 policy meeting also showed many of the nine board members saw the higher yen against major currencies at the time related to "position adjustments by market participants."

"close attention," although the global stock market plunge in late F