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What central banks are doing to safeguard financial stability and why they must proceed with caution 
- Most members shared view momentum for Japan's inflation to reach 2 pct inflation was being maintained
- Some members said factors that would support rise in prices going forward had been increasing
- One member said recent yen depreciation might push up prices in short run but would not raise underlying trend in inflation
- Many members said yield curve control had been functioning as intended, JGB yield curve had been formed smoothly despite global yield rises
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Many members said BOJ must pursue powerful monetary easing as still long way to go to hit 2 pct inflation target
Here is the full text (PDF): http://www.boj.or.jp/en/mopo/mpmsche_minu/minu_2016/g161220.pdf
