17 Mar 2015
BOJ maintains policy settings, scales back inflation outlook – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team comments on the key developments in the Japanese market, mentioning that the only change seen in BoJ’s statement was relative to inflation.
Key Quotes
“BOJ policy statement was largely a reiteration of the prior month, maintaining annual rate of monetary base increase at ¥80T, and reiterating economic assessment of economy continuing moderate recovery trend.”
“Board member Kiuchi remained the lone dissenter in favor of a more protracted timeframe for inflation target.”
“The only change in the statement related to inflation, where the BOJ scaled back its current CPI view to 0.0-0.5% from around 0.5% and the outlook for inflation to also be around 0% vs prior "slow for time being".”
“Separately, Fin Min Aso spoke of risks to Japan economy from the slowdown in China, and also acknowledged that it will take longer to exit deflationary mindset than 1-2 years after some 20 years of negative price trends.”
Key Quotes
“BOJ policy statement was largely a reiteration of the prior month, maintaining annual rate of monetary base increase at ¥80T, and reiterating economic assessment of economy continuing moderate recovery trend.”
“Board member Kiuchi remained the lone dissenter in favor of a more protracted timeframe for inflation target.”
“The only change in the statement related to inflation, where the BOJ scaled back its current CPI view to 0.0-0.5% from around 0.5% and the outlook for inflation to also be around 0% vs prior "slow for time being".”
“Separately, Fin Min Aso spoke of risks to Japan economy from the slowdown in China, and also acknowledged that it will take longer to exit deflationary mindset than 1-2 years after some 20 years of negative price trends.”