BOJ April Minutes show some concern about the weak yen on inflation & wages

With hindsight the April meeting was a bit of a placeholder between the rate hike (the first in 17 years) at the March meeting:

• Highlights of the Bank of Japan rate decision on April 26, 2024

and

the meeting last week where the Bank flagged a reduction in JGB purchases to come:

• BOJ governor Ueda says will begin tapering bond purchases immediately after July meeting

We’ve already had the ‘summary’ of the April meeting:

• Bank of Japan Summary – Easy monetary conditions are expected to continue
• BOJ Summary recap – “BOJ board turned hawkish in April”

more to come

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This article was written by Eamonn Sheridan at www.forexlive.com. Source