- Bank of Japan board members largely agreed that an aggressive easy policy started in April 2013 has shown a cummulative effect on economic prospects and there is not an imminent need for additional steps, according to minutes from the Dec. 19 to 20 policy-setting meeting released on Monday.

"Members shared the recognition that these continued to firmly take hold, and financial conditions were easing steadily to underpin firms'' and households'' spending," the minutes said, though one board member expressed concern about a prolonged easy policy.

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