BOJ Decision Guide: Focus Is on Inflation Outlook, Kuroda’s Views
With inflation sinking and side effects piling up, Governor Haruhiko Kuroda’s views will come under scrutiny after the Bank of Japan’s first policy meeting of the year on Wednesday. Ahead of a policy meeting by the European Central Bank on Thursday and the Federal Reserve next week, the focus in Tokyo will be on Kuroda’s take on inflation and risks. For one, he will be expected to explain why more stimulus isn’t needed even as private economists forecast that headline inflation will turn negative this year. Kuroda will almost surely say that the factors weighing on inflation — a plunge in oil prices, cuts to cell phone and education fees — are temporary and that underlying momentum toward the BOJ’s 2 percent target remains intact. Read more @ https://www.bnnbloomberg.ca/boj-decision-guide-focus-is-on-inflation-outlook-kuroda-s-views-1.1201992
Bank of Japan meets amid growing downside risks and stronger yen
The Bank of Japan will hold its first monetary policy meeting of 2019 on January 22-23, and unlike this time last year when there was a real prospect of a QE exit, policymakers will probably be discussing if or how to respond to the weakening outlook. There is no set time for the BoJ’s announcement on Wednesday, but the yen could come under some downside pressure if the Bank lowers its economic forecasts in its latest quarterly outlook report, due to be published on the same day. Read more @ https://www.xm.com/bank-of-japan-meets-amid-growing-downside-risks-and-stronger-yen-forex-news-preview-94550
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Why Traders Care?
- JPY BOJ Outlook Report – It provides valuable insight into the bank’s view of economic conditions and inflation – the key factors that will shape the future of monetary policy;
- JPY Monitary Policy – It’s among the primary tools the BOJ uses to communicate with investors about monetary policy. It contains the outcome of their decision on asset purchases and commentary about the economic conditions that influenced their decision. Most importantly, it projects the economic outlook and offers clues on the outcome of future votes;
- JPY BOJ Press Conference – It’s among the primary methods the BOJ uses to communicate with investors regarding monetary policy. It covers the factors that affected the most recent interest rate decision, the overall economic outlook, inflation, and clues regarding future monetary policy;
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