Reuters reports the key highlights from the BoJ’s quarterly economic outlook report released following the central bank’s monetary policy decision.
Japan's economy expected to continue expanding moderately.
Momentum for hitting price goal sustained but lacking steam.
Inflation likely to accelerate towards 2 pct as output gap improves, inflation expectations heighten.
Risks to the price outlook skewed to downside.
Risks to economy balanced for FY2018 but skewed to downside for FY2019.
Core CPI expected +1.8 pct in FY2019/20 vs +1.8 pct projected in Jan.
Japan core CPI expected +1.8 pct in FY2020/21.
Japan core CPI expected +1.3 pct in FY2018/19 vs +1.4 pct projected in Jan.
BoJ deletes mention of time frame for price target in outlook report.
Risks to economy are roughly balanced for fiscal 2018.
Risks to economy in fiscal 2019 are to downside.
No big change in price forecast for fiscal 2019.
Inflation expectations pose both downside and upside risks.
Consumer inflation moving around 1 pct.
Inflation expectations moving sideways.
Inflation expectations likely to heighten ahead and gradually converge towards 2 pct.
Impact of sales tax hike next year among risks to economic outlook.
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. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
AUD/USD struggles near one-month low despite subdued USD demand
![AUD/USD struggles near one-month low despite subdued USD demand](https://editorial.fxstreet.com/images/Markets/Currencies/Majors/AUDUSD/macro-of-aussie-100-note-8615104_XtraSmall.jpg)
AUD/USD consolidates its recent heavy losses and seems vulnerable to sliding further amid worries about the slowing Chinese economy. Unexpected interest rate cuts by the People's Bank of China on Monday might also continue to undermine the China-proxy Aussie. Meanwhile, dovish Fed expectations keep the USD bulls on the defensive.
EUR/USD trapped below 1.09 as quiet Monday markets churn
![EUR/USD trapped below 1.09 as quiet Monday markets churn](https://editorial.fxstreet.com/images/Markets/Currencies/Majors/EURUSD/MoneyEURUSD_3_XtraSmall.jpg)
EUR/USD churned on Monday just below 1.0900 as the new trading week kicks things off on a notably light note. Meaningful data remains limited for the first half of the trading week, leaving Fiber traders to shuffle in place as investors await Wednesday’s key PMI figures for both the EU and the US.
Gold price remains on the defensive below $2,400 mark, over one-week low
![Gold price remains on the defensive below $2,400 mark, over one-week low](https://editorial.fxstreet.com/images/Markets/Commodities/Metals/Gold/stacks-of-gold-bars-19033163_XtraSmall.jpg)
Gold price struggles to attract any meaningful buyers during the Asian session on Tuesday and languishes near a one-and-half-week low touched the previous day. Biden’s withdrawal from the US Presidential race and unexpected interest rate cuts by the People's Bank of China boosted the global risk sentiment on Monday.
SEC gives final approval for Ethereum ETFs to begin trading
![SEC gives final approval for Ethereum ETFs to begin trading](https://editorial.fxstreet.com/images/Markets/Currencies/Digital%20Currencies/Ethereum/ethereum_4_XtraSmall.jpg)
The Securities and Exchange Commission approved the S-1 registration statements of spot Ethereum ETF issuers on Monday, making it the second digital asset ETF to go live in the US, according to the latest filings on its website.
Commodity FX gets no help from higher US equities
![Commodity FX gets no help from higher US equities](https://editorial.fxstreet.com/images/Markets/Commodities/Energy/Gas/soaring-gas-prices-6660220_XtraSmall.jpg)
Markets were all over the place on Monday. US equities put in a decent recovery, though this did nothing to help beaten down commodity FX, with the Australian Dollar, New Zealand Dollar and Canadian Dollar all getting hammered.