TOKYO, Nov 26 (Reuters) - Bank of Japan board member Takehiro Sato proposed that the central bank strengthen its commitment to monetary easing by saying it will ease policy until a 1 percent rise in consumer prices has been maintained, minutes of the BOJ's Oct. 30 policy meeting showed on Monday.
Sato also proposed that the bank erase from its economic outlook the statement that consumer prices will move towards 1 percent inflation in fiscal 2014, in a sign of his more cautious views on the prospects for Japan's potential escape from deflation.
Fellow board member Takahide Kiuchi voted for Sato's proposal but it was rejected by the other board members.
The BOJ increased its asset-buying and lending programme, its main monetary easing tool, by 11 trillion yen ($133.5 billion), to 91 trillion yen at the meeting on Oct. 30.
It also unveiled a plan to supply banks with unlimited cheap long-term funds under a new scheme initially seen sized around 15 trillion yen.
($1 = 82.3850 Japanese yen)
(Reporting by Stanley White; Editing by Edmund Klamann) Keywords: JAPAN ECONOMY/BOJ MINUTES
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