Bank of Japan board members agreed at an August meeting that the consumer price index (CPI) was likely to keep falling slightly year-on-year, although one predicted a temporary rise around this autumn due to higher oil prices, minutes showed on Tuesday. Minutes from the August 9-10 meeting also showed that many members felt a continued rise in oil prices warranted close monitoring. One member said the BOJ may face challenges ahead in communicating with markets given that its current commitment to monetary easing was based on movements in the CPI, "which tends to lag behind economic trends", the minutes showed. Most analysts expect no change in the BOJ's "quantitative easing" framework until 2005 or 2006, as deflation persists despite solid economic growth and high oil prices. Under the framework the BOJ floods the financial system with more cash than it needs in an attempt to persuade banks to lend and spur economic activity. The BOJ has kept its current accounts deposits target, a liquidity benchmark, unchanged at 30-35 trillion yen ($273-318 billion) since a January 19-20 meeting. The decision to make no change in August was by unanimous vote.///