Bank of Japan Summary – rate hikes ahead will be slow to come

Reuters have posted a recap of the Bank of Japan ‘Summary’ published earlier in the session.

Main points it makes:

  • BOJ policymakers saw need to go slow in future rate hikes
  • One member said Japan does not need rapid rate hikes
  • BOJ must communicate it was not shifting to tighter policy
  • Summary shows BOJ board was divided on strength of economy

The link is here for more.

My post on the headlines from the Summary is here:

BOJ ‘Summary’ of the historic March 2024 meeting

USD/JPY meanwhile has made a small lap up and down again:

This article was written by Eamonn Sheridan at Source