June 18, 2024 at 08:59PM
The minutes from the Bank of Japan today are for the April meeting. The April meeting followed the March meeting. It was at the March meeting that the BoJ raised its rate for the first time in 17 years. April was more low-key. From this meeting day:
Highlights of the Bank of Japan rate decision on April 26, 2024
Two weeks after each BoJ meeting we get the ‘Summary’, well in advance of the minutes:
Bank of Japan Summary – Easy monetary conditions are expected to continue
BOJ Summary recap – “BOJ board turned hawkish in April”
At the meeting last week the Bank flagged a reduction in JGB purchases to come:
BOJ governor Ueda says will begin tapering bond purchases immediately after July meeting
The minutes of the April meeting today are likely to be a bit of a non-event.
In addition to the events listed we will also get the Reuters Tankan for June, at 2300 GMT/1900 US Eastern time. Reuters Tankan is a monthly survey that seeks to track the Bank of Japan’s tankan quarterly survey
This snapshot from the ForexLive economic data calendar, access it here.
The times in the left-most column are GMT.
The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.
This article was written by Eamonn Sheridan at www.forexlive.com.