<\/p>\n
The Bank of Japan (BoJ) board members shared their views on monetary policy\u00a0outlook on Wednesday, per the\u00a0BoJ\u00a0Minutes of the April meeting.\u00a0<\/p>\n
\nMember agreed consumption likely to increase moderately.<\/p>\n
A few members said companies might become more active in raising prices, wages than initially expected.<\/p>\n
Members discussed risks associated with impact of weak yen on inflation.<\/p>\n
One member said impact of weak yen on inflation, wages may not prove temporary.<\/p>\n
One member said weak yen could lead to overshoot in underlying inflation.<\/p>\n
One member said the BOJ must scrutinise without any preset idea the chance firms may renew efforts to pass on rising import costs via price hikes.<\/p>\n
Members shared view the BOJ must scrutinise how recent yen falls could affect underlying inflation.<\/p>\n
One member said key to future monetary policy outlook would be capex, consumption.<\/p>\n
One member said there were various upward risks to inflation.<\/p>\n
A few members said fx is among key factors affecting economy, prices, boj must respond with monetary policy if outlook and risks change.<\/p>\n
One member said the BOJ must respond with monetary policy if fx volatility affects firms’ medium-, long-term inflation expectations.<\/p>\n
One member said the BOJ must deepen debate on timing, degree of future interest rate hikes.<\/p>\n
One member said the BOJ could raise rates moderately before it’s sufficiently convinced about chance of durably hitting price goal, to avoid being forced to hike rates rapidly later.<\/p>\n
One member said boj must raise rates at appropriate, timely manner to avoid causing stress on economy.<\/p>\n
One member said there is sufficient chance pace of policy normalisation could accelerate if underlying inflation continues to overshoot due in part to weak yen.<\/p>\n<\/blockquote>\n
Market reaction to the BoJ\u00a0Minutes<\/h2>\n
At the time of\u00a0writing,\u00a0USD\/JPY\u00a0was down 0.02% on the day at 157.83.\u00a0<\/p>\n
\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
The Bank of Japan (BoJ) board members shared their views on monetary policy\u00a0outlook on Wednesday, per the\u00a0BoJ\u00a0Minutes of the April meeting.\u00a0 Key quotes Member agreed consumption likely to increase moderately. A few members said companies might become more active in raising prices, wages than initially expected. Members discussed risks associated with impact of weak yen […]<\/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":[201,367,248,386,251,246,257,255,1062,250,333,252,247,253,249,256,254],"class_list":["post-326258","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-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\/326258","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=326258"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/326258\/revisions"}],"predecessor-version":[{"id":326261,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/326258\/revisions\/326261"}],"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=326258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=326258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=326258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}