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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
BOJ
The BoJ left its monetary policy settings unchanged and delivered economic projections that were broadly in line with source reports that hit in recent weeks.
- Kataoka provided the usual source of dovish dissent.
- Headwinds for CPI were already known i.e. crude prices, global demand and the government's Go-To Travel campaign.
- The Bank was keen to stress the uncertainty surrounding the economic outlook, while noting that risks for the economy are skewed to the downside. The Bank's assumptions re: the economic outlook are also based on the premise that COVID-19 will not be as wide spread as it was previously.
- The Bank also reiterated its forward guidance.
Fig. 1: Bank Of Japan Updated Economic Forecasts
Source: Bank Of Japan
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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