BoJ minutes show talk on best deflation gauge

The nine members of the Bank of Japan's policy board discussed whether the consumer price index is the best indicator to gauge an end to deflation, according to minutes of the meeting released Thursday 24 November.

While there was some division amongst members at the October 11-12 policy meeting over how much importance should be given to the CPI index and to the GDP deflator in assessing price trends, the board was in agreement that the change in nationwide core consumer prices was "projected