BoJ cuts inflation estimate as it holds rates

The Bank of Japan
The Bank of Japan again chose to make no changes to its current ultra-loose policy setting

The Bank of Japan’s monetary policy committee has cut its estimate of current inflation, as it again held its monetary policy today (June 15).

The BoJ said the year-on-year consumer price index for all items except fresh food was increasing “in the range of 0.5–1.0%”, in a statement released after the two-day policy meeting ended. Its previous monetary policy statement, issued in April, said year-on-year CPI inflation was rising by “around 1%”.

The MPC voted by eight to one to keep the short

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.