Policy board member Tamura:
-
Based on current economic, price outlook, BOJ likely to maintain
accomodative monetary conditions for time being -
Will guide monetary policy appropriately in accordance with economic,
price, financial developments -
Not there yet to allow market forces to fully drive long-term
interest rate moves -
Despite our tweak to monetary policy framework, there are
side-effects remaining - Our monetary easing had some effect in underpinning economic growth
- Japan’s economy is showing some signs of weakness but is recovering moderately
- Rises in services prices pushing up overall inflation
- Positive wage-inflation cycle is likely to continue
USD/JPY is showing barely any response.
This article was written by Eamonn Sheridan at www.forexlive.com. Source