BOJ 'summary' of the October monetary policy meeting out now

Author: Eamonn Sheridan | Category: Central Banks

Bank of Japan Summary of Opinions comes out many weeks ahead of the full minutes of the meeting.

  • Appropriate for BOJ to clarify the downward bias in policy rates
  • necessary not to hesitate to take additional easing measures if their is a greater possibility inflation momentum will be lost 
  • desirable for forward guidance to show decline in infaltion rate is not acceptable
  • it cannot be said that households' and firms' inflation expectations have been robust
  • BOJ should communicate clearly it will continue with powerful monetary easing given that achieving price stability target will take time

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