OctaFX | OctaFX Forex Broker
Open trading account

BOJ Minutes - Current policy not enough to achieve 2% inflation target

The minutes of the recent Bank of Japan (BOJ) policy meeting released today showed-

  • One member argued that monetary easing effects gained from the current yield curve were not enough for 2 percent inflation to be achieved around fiscal 2019.
  • From the viewpoint of generating such an increase in demand, it was questionable whether the current yield curve in real terms was sufficiently accommodative relative to the natural yield curve.
  • Members agreed that the economy was expanding moderately, with a virtuous cycle from income to spending operating.
  • Since there remained an excess supply capacity in the labor market, upward pressure on wages was likely to be limited for the time being.
  • Momentum towards price goal being maintained said most members




AUD/USD: headed back to 0.7625?

AUD/USD has been pressured lower below the 100 hourly SMA on the back of the US data and key highlights from last week, currently trading at 0.7648.
Read more Previous

USD/JPY: hardens on BoJ minutes, but will the dollar now falter?

USD/JPY has been capped, yet again, just below 114.50 in Friday's nonfarm payroll's aftermath and subsequent volatility. USD/JPY ranged between a high
Read more Next
Start livechat