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BoJ Minutes: No monetary policy action required for now - TDS

FXStreet (Delhi) – Prashant Newnaha, Rates Strategist at TD Securities, notes that the just released BoJ minutes from the Oct 30th meeting indicated that further monetary policy action is not needed for now.

Key Quotes

“The Board believes that low core CPI is temporary and is largely due to the decline in energy prices. That said the Board did acknowledge it is willing to make some adjustments to monetary policy, but the Board gave itself more breathing space to achieve its 2% inflation objective out to the 2nd half of the 2016 fiscal year.”

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