BoJ Minutes: Most members agree the likelihood of hitting 2% target had been rising
The post BoJ Minutes: Most members agree the likelihood of hitting 2% target had been rising appeared on BitcoinEthereumNews.com.
The Bank of Japan (BoJ) board members shared their views on the monetary policy outlook on Tuesday, per the BoJ Minutes of the January meeting. Key quotes Most Board of Japan members expressed the recognition that the likelihood of realizing the outlook had been rising. Some members recognized real interest rates were expected to stay significantly negative even after the rate hike. Risk price expectations may surpass 2%. Most members expressed the recognition that the likelihood of realizing the outlook had been rising. One member expressed the view that, if underlying inflation increased, the BOJ would need to raise the policy interest rate accordingly in a gradual manner. One member continued that it would be necessary for the BoJ to adjust the degree of monetary accommodation from the viewpoint of avoiding the yen’s depreciation and the overheating of financial activities. One member said it would be desirable for BoJ to bear in mind that the policy interest rate should be at around 1% in the second half of fiscal 2025. Market reaction to the BoJ Minutes At the time of writing, USD/JPY was up 0.02% on the day at 150.74. Bank of Japan FAQs The Bank of Japan (BoJ) is the Japanese central bank, which sets monetary policy in the country. Its mandate is to issue banknotes and carry out currency and monetary control to ensure price stability, which means an inflation target of around 2%. The Bank of Japan embarked in an ultra-loose monetary policy in 2013 in order to stimulate the economy and fuel inflation amid a low-inflationary environment. The bank’s policy is based on Quantitative and Qualitative Easing (QQE), or printing notes to buy assets such as government or corporate bonds to provide liquidity. In 2016, the bank doubled down on its strategy and further loosened policy by first introducing negative interest rates and…
Filed under: News - @ March 25, 2025 12:21 am