MNI China Press Digest July 2: PBOC, FDI, Land Revenue

MNI: PBOC Net Drains CNY298 Bln Via OMO Tues; Rates Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS TUES

MNI: PBOC Sets Yuan Parity Higher At 7.1291 Tues; -0.09% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1291 TUES VS 7.1265

MNI China Daily Summary: Monday, July 1

June CPI Below Market Expectations, Headline Y/Y At 2.4%

MNI: UK JUN BRC SHOP PRICES -0.2% M/M, +0.2% Y/Y

Multivariate Core Trend Inflation Falls To Post-2020 Low

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BOJ Review - September 2023

BOJ

Executive Summary

  • On September 21-22, the Bank of Japan (BOJ) conducted its Monetary Policy Meeting (MPM), and as widely anticipated, it unanimously opted to maintain its current policy stance. This decision encompassed its recently introduced more flexible framework for yield curve control (YCC), the 1.0% yield for its fixed-rate purchase operations, and its large-scale bond purchases designed to shape the yield curve appropriately.
  • The forward guidance provided by the BOJ remained unaltered, retaining its strongly accommodative stance. The central bank reaffirmed its commitment to take additional easing measures if necessary.
  • Furthermore, the BOJ's assessment of the economy and prices remained unchanged, aligning with the upward revisions made in the previous Outlook Report.
  • During the press conference, Governor Ueda emphasised that the path to achieving the stable 2% inflation target remains distant. He clarified his prior remarks in the Yomiuri Shimbun interview, explaining that his comments about the possibility of removing the negative interest rate policy (NIRP) were motivated by a desire not to constrain future policy decisions.
  • Full review here:BoJ Review - September 2023
Homepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

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.