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BOJ: The Bank of Japan is set to maintain its cautiously stimulative monetary
easing stance under the yield curve control framework at its two-day policy
meeting ending around midday (0300 GMT) Friday, probably in an 8-to-1 vote as
seen in the recent meetings.
- The BOJ believes large monetary stimulus is still needed to guide low
inflation around 1% toward its 2% price stability target but the majority of the
board also thinks additional easing is unnecessary as long as the path toward
the target remains intact.
- The BOJ board is also expected to maintain its medium-term growth and
inflation projections, repeating what many see as an optimistic outlook that the
bank can hit the inflation target "around fiscal 2019." (MNI - For Full Story
See Main Wire At 22:12 BST 04/26)
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |