Several Bank of Japan policymakers warned that a slowdown in China and other emerging economies might push down capital investment in Japan despite favorable corporate profits, minutes of their Sept. 14-15 policy meeting showed Tuesday.

The meeting came after Chinese stockmarkets skidded and sparked a sell-off in global stocks. .

In the September meeting, the central bank downgraded its assessment on overseas economies.

Policymakers shared the view that emerging economies had recently been slowing, with some pointing to the effects of the decelerating Chinese economy and the fall in commodity prices, the minutes said.

Regarding the possible impact on the Japanese economy, one Policy Board member said it "would be exerted through trade, rather than in the form of a spillover effect on the financial front."

Policymakers said lackluster exports were due mainly to the slowdown in emerging economies, which had led to stagnant trade and production worldwide, as well as weak information technology-related demand, the minutes said.

Though members agreed that capital investment had been on a moderate increasing trend on the back of favorable profits, many said "developments such as relatively weak exports that reflected the slowdown in emerging economies might exert downward pressure on business fixed investment," the minutes showed.

On Japan's consumer prices that have been fluctuating around zero percent, some policymakers said such a move was attributable to falling crude oil prices and did not suggest a change in the underlying trend in inflation.

Core consumer prices, which exclude fresh food, fell 0.1 percent in August from a year earlier for the first decline since April 2013.