Bank of Japan current short-term rate is 0.25%
- Japan’s economy recovering moderately, albeit with some weaknesses
- Inflation
expectations heightening moderately - Inflation likely to
be at level generally consistent with BOJ’s price target in second
half of our 3-year projection period through fiscal 2026 - Consumption rising
moderately as a trend - Japan’s economy
likely to achieve growth above potential - Must be vigilant to
impact of financial, fx market moves on Japan’s economy, prices - Impact of FX volatility on prices has become larger than in the past
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Full text of the statement is here
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Dates ahead for the rest of this year and into H1 of 2025 for the BoJ:
This article was written by Eamonn Sheridan at www.forexlive.com. Source