fxs_header_sponsor_anchor

News

BoJ Summary of Opinions: Member suggests easing adjustment if outlook is achieved

The Bank of Japan (BoJ) published the Summary of Opinions from its October monetary policy meeting on October 30 and 31, with the key findings noted below.  

Key quotes

BOJ member suggests easing adjustment if the outlook is achieved. 

BOJ member emphasizes the importance of monitoring the global economy, particularly the United States. 

BOJ member stated no change in stance, will adjust monetary support if forecasts are met. 

BOJ member maintains stance, will adjust monetary support if economic, price forecasts are met. 

Member urges vigilance on global economic outlook and market trends.

Member notes BOJ doesn't need to signal ability to scrutinize risks. 

Risk of US hard landing subsiding, uncertain if markets stabilizing. 

BOJ member calls for clear communication on future policy rate hikes if forecasts are met. 

BOJ member advises caution and taking time in raising rates. 

Central Bank doesn't need to signal they can "afford to spend time" examining risks. 

BOJ member suggests possible rate hikes in the near future, citing a lack of need for massive monetary support in Japan and need to monitor US economic developments.

BOJ member warns of possible market volatility increase due to US election outcome. 

BOJ member predicts a clearer trend in consumption growth with higher real wages.

Monetary support is to be adjusted if economic and price forecasts are met. 

BOJ member expresses concern about possible foreign exchange effects on prices.

BOJ member forecasts household acceptance of stronger Yen. 

BOJ member warns of delayed normalization if markets are shaken.  

Market reaction  

Following the BoJ’s Summary of Opinions, the USD/JPY pair is gaining 0.28% on the day to trade at 152.93, as of writing.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.