Core Insights - The Bank of Japan's policy must consider both short-term and long-term impacts on economic activity, prices, financial markets, and the financial system [1] - The current financial conditions remain accommodative, which will continue to stimulate consumption and investment [1] - Inflation expectations have been steadily rising over the past few years, influenced by soaring food prices [1] Group 1 - The actual interest rates in Japan are still at low levels [1] - The Bank of Japan should make policy judgments based on available data and information at each point in time [1] - There is a need to discuss the optimal size and structure of the balance sheet from both asset and liability perspectives [1] Group 2 - As of October, the latest forecasts indicate that the risks to economic activity for the fiscal year 2025 are balanced, while the risks for fiscal year 2026 are skewed to the downside [1] - The Bank of Japan will consider corporate wage and pricing behavior, as well as exchange rates and import price trends, when assessing price risks [1]