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BoJ summary of opinions for the June meeting

2024-12-27FOREXLIVEFOREXLIVE
Summary of opinions for the June meeting
  • BOJ June meeting summary of opinions: One member said BOJ expected to raise interest rate if underlying inflation rises as projected.
  • BOJ June summary: One member said given chance of upside risk to inflation, must consider further adjustment to degree of monetary easing
  • BOJ June summary: One member said must raise interest rate in timely fashion without delay in accordance to heightening chance of achieving price target.
  • One member said BOJ can wait in shifting level of interest rate until it can confirm through data clear uptrend in inflation, inflation expectations.
  • One member said it is appropriate to keep easy policy for the time being due to lack of strength in consumption, some disruption to auto shipments.
  • BOJ June summary: One member said weak yen could lead to overshoot in inflation, which means appropriate level of policy rate would be pushed up.
  • BOJ June summary: One member said FX volatility affects a wide range of economic activity, and levels that deviate from fundamentals would hurt the economy.
  • One member said monetary policy isn't swayed by short-term FX volatility.
  • BOJ June summary: One member said BOJ must trim bond buying by a sizable amount in a predictable fashion.
  • BOJ June summary: One member said must diminish BOJ's presence in the bond market by trimming its bond buying.
  • BOJ June summary: One member said must normalise BOJ's balance sheet at appropriate, timely fashion while staying in close dialogue with market participants.
  • BOJ June summary: One member said BOJ should spend time and cautiously proceed with bond tapering.
  • BOJ June summary: One member said no change to BOJ's baseline scenario on economy, price data also on track.
  • BOJ June summary: One member said consumption lacks momentum, watching to what degree wage hikes, government steps will push up consumption.
  • BOJ June summary: One member said risk of inflation overshoot behind worsening consumer sentiment.
  • BOJ June summary: One member said underlying inflation yet to reach 2%.
  • BOJ June summary: One member said Japan making steady progress toward achieving price target, when looking at corporate wholesale, service price data.

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