BOJ Minutes: Rates Will be Raised in Line with Improvements in Economy, Priced

The Bank of Japan (BoJ) board members shared their views on the monetary policy outlook on Thursday, per the BoJ Minutes of the March meeting.    

Key quotes

Several members believe it was suitable to keep policy rate at 0.75%. 
Members express concern over inflation rebound driven by rising oil prices. 
Some members say amid heightened uncertainties in Middle East, maintaining policy rate steady was appropriate. 
Member says central bank should soon modify deeply negative real interest rate. 
One member noted no evidence past rate increases have reduced stimulus impact on economy.
Members agreed central bank should continue raising rates as economy and prices improve. 
One member said from next policy meeting onwards, central bank should evaluate in detail whether financial conditions stayed accommodative after previous rate increase.