Optimism swept BOJ as inflation goal looked nearer, yen weak in 2014

The Bank of Japan's decision-making body was dominated by optimism that the likelihood of attaining its 2 percent inflation goal had increased in 2014, a year after it launched unorthodox monetary easing, the minutes of past policy meetings released Tuesday showed.Then BOJ chief Haruhiko Kuroda was in the optimistic camp, as he vowed to achieve 2 percent inflation in around two years' time by providing massive monetary stimulus, which weakened the yen and boosted share prices. The weaker yen also boosted import costs for resource-scarce Japan.But inflation subsequently eased in line with th…READ FULL ARTICLE