Free Trial

MNI BRIEF: BOJ Aide: CPI To Accelerate, Sees No Policy Change

(MNI) Tokyo
TOKYO (MNI)

Japan’s consumer price index rise will clearly accelerate from now on as higher crude oil and raw material prices will likely transfer to retail prices, a senior Bank of Japan official said on Friday.

Seiichi Shimizu, the director-general of the BOJ’s Monetary Affairs Department, told lawmakers that the BOJ sees no need to adjust its easy policy now as cost-push will have adverse impact on the economy, see: MNI INSIGHT: BOJ Grows Concerned On Energy-Driven Price Surge.

“Unless the BOJ is worried about the second-round effects (of high prices), it isn’t not appropriate for the BOJ to change the easy policy,” Shimizu said.


MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com

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.