<\/p>\n
Bank of Japan (BoJ) published the Summary of Opinions from its March monetary policy meeting on April 25 and 26, with the key findings noted below.<\/p>\n
\n\u201cOne member said if trend inflation accelerates, BOJ will adjust\u00a0degree\u00a0of monetary easing but accommodative financial environment likely to continue for time being.\u201d<\/p>\n
\u201cOne member said if forecasts under quarterly report are met, interest rates might rise to levels higher than markets currently price in.\u201d<\/p>\n
\u201cOne member said one option would be to hike rates moderately\u00a0in accordance with\u00a0economic, price, financial developments, to avoid shock from abrupt policy shift.\u201d<\/p>\n
\u201cOne member said must hike rates at\u00a0appropriate\u00a0timing as\u00a0likelihood\u00a0of achieving our forecasts heightens.\u201d<\/p>\n
\u201cOne member said BoJ must deepen\u00a0debate\u00a0on timing,\u00a0pace\u00a0of future rate hike.\u201d<\/p>\n
\u201cOne member said\u00a0extent\u00a0of consumption recovery toward\u00a0latter\u00a0half of this year will be key in considering\u00a0next\u00a0policy change timing.\u201d<\/p>\n
\u201cOne member said if inflation overshoot continues against\u00a0backdrop\u00a0of weak yen,\u00a0pace\u00a0of policy\u00a0normalisation\u00a0may become faster.\u201d<\/p>\n
\u201cOne member said households’ purchasing power remains weak so must maintain easy monetary conditions for\u00a0time\u00a0being.\u201d<\/p>\n
\u201cOne member said\u00a0appropriate\u00a0for BOJ to indicate, at some point,\u00a0path\u00a0toward reducing its bond buying.\u201d<\/p>\n
\u201cOne member said BOJ must proceed with shrinking its balance sheet including by reducing bond buying when\u00a0right\u00a0time comes.\u201d<\/p>\n
\u201cOne member said even if it takes a long time, BOJ must eventually eliminate its ETF holdings.\u201d<\/p>\n
\u201cOne member said must be mindful of upside risk to inflation as weak yen, rising crude oil prices affecting cost-push pressure.\u201d<\/p>\n
\u201cOne member said weak yen weighs on economy\u00a0short-term,\u00a0but may push up trend inflation by boosting output, income in medium-, to long-term horizon.\u201d<\/p>\n
\u201cOne member said must be vigilant to various upside risks to inflation, such as\u00a0weak\u00a0yen, fiscal stimulus and\u00a0chance\u00a0of stronger wage-inflation spiral.\u201d<\/p>\n<\/blockquote>\n
Market reaction<\/strong><\/h2>\n
Following the BoJ\u2019s Summary of Opinions, the\u00a0USD\/JPY\u00a0pair is losing 0.03% on the day to trade at 155.47, as of writing.<\/p>\n
\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Bank of Japan (BoJ) published the Summary of Opinions from its March monetary policy meeting on April 25 and 26, with the key findings noted below. Key quotes \u201cOne member said if trend inflation accelerates, BOJ will adjust\u00a0degree\u00a0of monetary easing but accommodative financial environment likely to continue for time being.\u201d \u201cOne member said if forecasts […]<\/p>\n","protected":false},"author":2,"featured_media":7287,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,367,248,386,251,246,257,255,684,1062,250,333,252,247,253,249,256,254],"class_list":["post-298318","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-boj","tag-bsc","tag-centralbanks","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-interestrate","tag-japan","tag-looks-rare","tag-macroeconomics","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/298318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=298318"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/298318\/revisions"}],"predecessor-version":[{"id":298319,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/298318\/revisions\/298319"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/7287"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=298318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=298318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=298318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}