BOJ minutes: Monetary policy does not aim to control exchange rates

Minutes of the Bank of Japan's April board meeting released on Wednesday show members emphasized that its policy is not intended to control foreign exchange rates.

The details of policy makers' discussions come as the yen's sharp depreciation in the past three months has prompted calls for the central bank to revise its ultra-easy monetary stance to halt the slide.

The minutes show board members said the BOJ needs to clearly communicate that the aim of its monetary policy is to achieve price stability, rather than influence currency levels.

They also show one member said the bank should clarify that it will keep conducting unlimited bond purchases as a monetary easing measure and avoid any misunderstanding.