20 Mar 2015
No news from BoJ minutes today – UOB Group
FXStreet (Edinburgh) - Analysts at UOB Group assessed the recent release of the BoJ minutes.
Key Quotes
“In the Bank of Japan (BOJ) February policy meeting minutes released this morning (20 Mar), some MPM members indicated that JGB market volatility increased recently and a few members opined that the rise in JGB yields may reflect investors’ declining risk tolerance and possible problems in market functioning”.
“A few members questioned the sustainability of BOJ’s JGB purchase at the current pace”.
“Another interesting point in the Feb minutes was that the Ministry of Finance (MOF) said it expects the BOJ to achieve the 2% inflation target “in light of economic activity and prices” but the MOF is no longer urging BOJ to achieve the 2% as soon as possible”.
Key Quotes
“In the Bank of Japan (BOJ) February policy meeting minutes released this morning (20 Mar), some MPM members indicated that JGB market volatility increased recently and a few members opined that the rise in JGB yields may reflect investors’ declining risk tolerance and possible problems in market functioning”.
“A few members questioned the sustainability of BOJ’s JGB purchase at the current pace”.
“Another interesting point in the Feb minutes was that the Ministry of Finance (MOF) said it expects the BOJ to achieve the 2% inflation target “in light of economic activity and prices” but the MOF is no longer urging BOJ to achieve the 2% as soon as possible”.