Free Trial

MNI BRIEF: BOJ To Examine Cause of Prolonged Weak Prices

MNI (Sydney)
TOKYO (MNI)

The Bank of Japan board will announce an examination into why Japan's prices remain weak. as the likelihood of achieving the central bank's 2% price target is receding, the Nikkei reported.

The announcement is expected at the BOJ's two-day policy-setting meeting on Friday, according to the report, which also said the bank is expected to extend the lending facilities which are due to expire on March 31 to a new expiry of September 30.

Earlier in the day, the government announced that the nationwide core CPI fell 0.9% y/y in November for the fourth straight month after -0.7% in October.

This is the biggest fall since August 2010 when the index fell 1.0%, and the core CPI fell 1.1% in September 2010.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
True
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
True

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.