The Bank of Japan meet next week, Monday July 30 and Tuesday July 31
This from Bloomberg on weekend comments from (or lack of I guess) from Bank of Japan Governor Kuroda
- declining to comment on reports that policy makers are considering measures to soften the side effects of their aggressive monetary easing campaign
- Remarks on the issue wouldn’t be appropriate given the proximity of the bank’s monetary policy meeting, Kuroda said
- “I know absolutely nothing about the basis for those reports”
taking energy out and the inflation result is woeful if you are at the Bank of Japan. ICYMI the target for core (excluding food and energy) is sustainably around 2% y/y. If you take 2% and divide it by 10 you’ll get 0.2%, and that was the result announced today. Kuroda will not be happy.
Thus, yeah …. Kuroda sticking to script.