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One BOJ board member worried on downward shift in growth: minutes

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(Globalpost/GlobalPost)

TOKYO (Reuters) - One Bank of Japan policy board member expressed concern that a large contribution from inventories and a fall in workers' compensation in Japan's latest gross domestic product data could indicate a downward shift in economic growth, minutes of the central bank's November 20-21 meeting showed on Thursday.

Another member also said inventories and wages cast a negative tone over Japan's July-September GDP data, the minutes showed.

Members broadly agreed, however, that Japan's gradual economic recovery would remain on track as an improving labor market fuels consumer spending.

At the November meeting the BOJ board voted unanimously to maintain its pledge of increasing base money, or cash and deposits at the central bank, at an annual pace of 60 trillion to 70 trillion yen ($600 billion to $700 billion).

(Reporting by Stanley White; Editing by Edmund Klamann and Chris Gallagher)

http://www.globalpost.com/dispatch/news/thomson-reuters/131226/slowdown-growth-concern-some-boj-policymakers-minutes