September 20, 2024 at 03:52AM
Bank of Japan current short-term rate is 0.25%
Japan’s economy recovering moderately, albeit with some weaknesses
Inflation
expectations heightening moderately
Inflation likely to
be at level generally consistent with BOJ’s price target in second
half of our 3-year projection period through fiscal 2026
Consumption rising
moderately as a trend
Japan’s economy
likely to achieve growth above potential
Must be vigilant to
impact of financial, fx market moves on Japan’s economy, prices
Impact of FX volatility on prices has become larger than in the past
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Full text of the statement is here
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Dates ahead for the rest of this year and into H1 of 2025 for the BoJ:
This article was written by Eamonn Sheridan at www.forexlive.com.