The Bank of Japan (BoJ) chose to keep interest rates on hold today, with rate tightening appearing a long way off.
Nevertheless, one of the central bank´s committee members voted for looser monetary policy.
While maintaining interest rates at an ultra-low 0.1%, the BoJ continued to sound upbeat on the outlook for the Japanese economy.
It claims ongoing economic recovery will eventually see inflation reach its 2% target without the need for further stimulus measures.
However, new board member Goshi Kataoko dissented in the belief that more stimulus would be required to meet the inflation target.
Japan´s core consumer price inflation is currently well behind the BoJ´s inflation target, having risen to 0.5% in July versus 0.4% in June.
Inflation remains stubbornly low, despite the Japanese labour market being at its tightest level since 1974.