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MNI INSIGHT: BOJ Looks At Guidance As Others Drop Theirs

(MNI) Tokyo

The BOJ is wondering whether to join the international trend away from forward guidance.

The Bank of Japan is looking at revising its monetary policy statement forward guidance following recent moves by its central banking peers to drop theirs, but is unlikely to abandon it entirely in the immediate future, MNI understands.

The Federal Reserve, European Central Bank, Reserve Bank of Australia and the Bank of England have all rowed back on forward guidance in recent months to increase the flexibility of monetary policy as they look to tame inflationary pressures.

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The Bank of Japan is looking at revising its monetary policy statement forward guidance following recent moves by its central banking peers to drop theirs, but is unlikely to abandon it entirely in the immediate future, MNI understands.

The Federal Reserve, European Central Bank, Reserve Bank of Australia and the Bank of England have all rowed back on forward guidance in recent months to increase the flexibility of monetary policy as they look to tame inflationary pressures.

Keep reading...Show less