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Homebank of japanBOJ officials blame emerging market slowdown for weak capex: Nov minutes

BOJ officials blame emerging market slowdown for weak capex: Nov minutes

Many Bank of Japan policymakers complained of slow wage and capital expenditure growth but were optimistic that companies will start to boost spending once emerging economies improved, minutes of the BOJ's November rate review showed on Thursday.

Many in the nine-member board also agreed that the central bank shouldn't hesitate to expand its massive stimulus program further if risks heightened enough to discourage firms from raising prices and wages, according to the minutes.

"Members shared the view that it was important for the rise in underlying trend inflation to be reflected in wages during spring wage hike negotiations" between companies and labor unions, the minutes showed.

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