Bank of Japan April 30 – May 1 meeting minutes, full text
Headlines via Reuters:
- Many members said must carefully scrutinise each nation’s trade policy and its development given heightening downside risks to economy, prices
- A few members said BOJ must maintain current very low real interest rates to underpin economy
- One member said BOJ had no choice but to wait-and-see until US trade developments stabilised
- One member said must scrutinise whether recent tariff developments could prod Japan firms to embark on excessive cost-cuts, curb wage and investment
- Members agreed it was appropriate for BoJ to continue raising interest rates in accordance with improvements in economy, prices if BOJ’s forecasts materialise
more to come
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Still to come from the BOJ – Governor Ueda speaking
Earlier:
Bank of Japan Governor Ueda with Japan PM Ishiba
This article was written by Eamonn Sheridan at www.forexlive.com.