Central Banks


Ex of the Bank of Japan monetary policy board  

  • BOJ could whittle down stimulus before inflation hits 2 percent target
  • BOJ’s efforts to make its stimulus more sustainable were long overdue
  • BOJ’s prolonged easy policy has pushed forward
    timing of banking sector consolidation

More:

  • Steps to make policy flexible long overdue – Ishida
  • Inflation target a mechanism, not goal, of monetary policy
  • BOJ won’t rush in steepening yield curve – Ishida
  • Adds Japan’s banking system prone to consolidation
  • BOJ’s credibility will be hit if it incurs losses

Of course, given he is no longer on the mon pol board his comments may not carry much weight, but I doubt what he is saying is too far from the minds of current board members 

BOJ backing off on its extremely accommodative policy might translate to a yen positive. 

But they ain’t gonna be doing too much tightening any time soon so don’t get too excited by this. 



Source link

Articles You May Like

Original Black Dog Forex Trading System
Forex Trading Most Advance Level Course Free in Urdu 👍
Bank of Canada full rate statement for April 2019
Existing home sales highlight a quiet US economic calendar
Seven things to watch for in the Bank of Canada interest rate decision

Leave a Reply

Your email address will not be published. Required fields are marked *