Market Updates: BOJ Keeps Easy Policy for 2% Target – Key Points
BoJ says It is essential to sustain positive inflation - for as long as possible under the current structure of QQE with yield curve unde..
Arslan Butt•Thursday, December 27, 2018•1 min read
Key points from Kuroda’s speech:
- BOJ will persistently keep the current easy policy while keeping a close eye on both its positive and side effects.
- Kuroda said, “This is exactly the kind of situation in which policy sustainability and durability are important.”
- It is essential to sustain positive inflation for as long as possible under the current structure of QQE, with yield curve under control, and thereby firmly sustain the momentum toward 2% inflation.
- BOJ is taking time to achieve the 2% price stability target. “Downside risks mainly regarding overseas economies have come to warrant further attention.”
- “The BOJ needs to pursue the monetary policy that is most appropriate to the situation at the time while weighing its benefits and costs.”
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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