BoJ June meeting Summary of Opinions: Appropriate to maintain current monetary easing
25.06.2023, 23:52

BoJ June meeting Summary of Opinions: Appropriate to maintain current monetary easing

“(It is) premature to shift policy as smaller firms becoming keen to hike wages, invest more,” per the Summary of Opinions for Bank of Japan’s (BoJ) monetary policy meeting held in June reported Reuters.

Key statements

Wage growth needed, not just cost-push inflation, to sustainably, stably hit price target.

BoJ must maintain easy policy with eye on side-effects, as long-term risk to prices skewed to downside.

BoJ must keep easy policy but must be mindful of chance it is under-estimating sustainability of Japan's price rises.

No need to make operational tweaks to YCC as distortion in shape of yield curve has been resolved.

BoJ must consider reviewing YCC at an early stage, even as it maintains easy monetary policy.

Bond market function improved but still remains at low level.

There is uncertainty on whether inflation, after slowing toward middle of current fiscal year, will bounce back.

Rise in Japan inflation increasingly driven by domestic factors.

Inflationary pressure likely to remain strong for time being.

There is a chance consumer inflation may overshoot initial expectations.

There is strong chance consumer inflation will moderate, but won't slow back below 2%, toward middle of current fiscal year

USD/JPY remains pressured

Despite the dovish Summary of Opinions, the USD/JPY pair remains pressured around 143.50 as it pares the latest gains at the highest levels since November 2022. It’s worth noting that comments about the Yield Curve Control (YCC) policy seemed to have trigger the Japanese Yen’s (JPY) corrective bounce.

Also read: Japan Top FX Diplomat Kanda: Recent Yen moves are rapid

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik