27 May 2015
BOJ Minutes: QQE will continue until 2% inflation stable
FXStreet (Bali) - The Bank of Japan Minutes from April 30 has been released, with the statement highlighting that QQE will continue until 2% inflation is stable.
Key headlines
Some expressed view that private consumption lacked momentum
Members agreed that private consumption is likely to remain resilient due to improving incomes
One member said industrial production in April-June could be more or less flat due to inventory adjustments
Members agreed that japan can exceed its potential growth rate from fy 2015 through fy 2016
Most members said in fy 2017 growth could slow to a level below potential growth rate due to sales tax hike
A few members said cpi would not reach 2 pct during forecast period which covers fy 2017
Members agreed that mid- to long-term inflation expectations are rising on the whole
Key headlines
Some expressed view that private consumption lacked momentum
Members agreed that private consumption is likely to remain resilient due to improving incomes
One member said industrial production in April-June could be more or less flat due to inventory adjustments
Members agreed that japan can exceed its potential growth rate from fy 2015 through fy 2016
Most members said in fy 2017 growth could slow to a level below potential growth rate due to sales tax hike
A few members said cpi would not reach 2 pct during forecast period which covers fy 2017
Members agreed that mid- to long-term inflation expectations are rising on the whole