BOJ lowers inflation forecast as expected

BOJ lowers inflation forecast as expected

BOJ quarterly outlook on 31.07.2018 GDP forecasts – Cuts FY18/19 GDP growth from 1.6% to 1.5% – Maintains FY19/20 GDP growth at 0.8% – Maintains FY20/21 GDP at 0.8%   Inflation Outlook – Cuts FY18/19 core CPI outlook from 1.4% to 1.0% –...
It’s Kuroda time!

It’s Kuroda time!

BOJ 31.07.2018 last preview Well I don’t have much to add to my last week’s preview to be honest. The BOJ watchers seem pretty much aligned with my expectations of what is reasonably to be expected, IF ANY CHANGE AT ALL. My base case scenario is there will...
BOJ keeps Monetary Policy unchanged by a vote of 8-1

BOJ keeps Monetary Policy unchanged by a vote of 8-1

BOJ April 2018 Monetary Policy decision on 15.06.2018 Leaves Interest Rate on Excess Reserves (IOER) unchanged at -0.10% Maintain its policy framework of “QQE with Yield Control” around 0.00% Maintains asset purchases at an annual pace of JPY 80T Maintains...

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