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BOJ
To sum up, the latest BoJ monetary policy decision held no surprises, with the Bank's headline monetary policy settings and forward guidance maintained, while the Bank's immediate CPI outlook was shifted lower alongside an uptick in its GDP forecasts.
- The Bank stressed that the risks for prices are skewed to the downside, while the risks to economic activity are more balanced over the medium term, but hold a downward skew in the immediate term.
- Kataoka provided the usual dovish source of dissent.
- The decision and the tweaks to the Bank's economic forecasts are bang in line with wider expectations.
Fig. 1: BoJ 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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