- No change to BOJ stance of patiently maintaining easy policy
- Will not hesitate to take additional easing steps if needed
- Will maintain stimulus measures with yield curve control
- The cost of shifting policy prematurely is extremely high
- The downside of waiting to ensure inflation hits 2% sustainably is smaller than shifting policy prematurely
This just bolsters their current stance since the latest BOJ
BOJ
The Bank of Japan (BOJ) is the central bank of Japan. It was established in 1882 and is headquartered in Tokyo.The BOJ's main responsibilities include issuing and managing the country's currency, implementing monetary policy, and ensuring the stability of the financial system. It also acts as a lender of last resort to banks during times of financial crisis. The BOJ sets the interest rate of the country and sets an inflation target, aiming to achieve 2% inflation.The BoO has a long history, with
The Bank of Japan (BOJ) is the central bank of Japan. It was established in 1882 and is headquartered in Tokyo.The BOJ's main responsibilities include issuing and managing the country's currency, implementing monetary policy, and ensuring the stability of the financial system. It also acts as a lender of last resort to banks during times of financial crisis. The BOJ sets the interest rate of the country and sets an inflation target, aiming to achieve 2% inflation.The BoO has a long history, with
Read this Term meeting. When Ueda took over, the shunto wage negotiations were seen as a springboard for a potential shift in policy narrative for the Japanese central bank. However, that hasn't yet materialised and it has knocked the wind out of the sails of yen bulls for now.
