BoJ cuts inflation forecast at a time of falling JGB purchases
The Bank of Japan (BoJ) kept its monetary policy on hold last week, despite lowering its core inflation forecast at a time when some analysts believe its 2% inflation target is “too optimistic” amid weak wage growth.
Following its two-day monetary policy meeting on April 26-27, the BoJ upgraded its assessment of the economy, but lowered its inflation target, even though it cut its purchases of Japanese government bonds (JGBs) in recent months.
The central bank lowered its core consumer price
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 print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Most read
- Central Banking Awards 2024: fourth round announced
- Initiative of the year: the Netherlands Bank’s ChatDNB
- Payments and market infrastructure development: Federal Reserve Systems’ FedNow