- Analytics
- News and Tools
- Market News
- BOJ leaves unchanged its guidance on policy bias, maintains dovish rhetoric
BOJ leaves unchanged its guidance on policy bias, maintains dovish rhetoric
In its policy statement, the Bank of Japan (BOJ) noted that it left unchanged its guidance on policy bias, adding that it will take additional easing steps without hesitation as needed with an eye on the pandemic's impact on the economy.
Additional takeaways
April guidance of offering to buy 10-year JGBs at 0.25% every business day unless it is highly likely no bids will be submitted.
Must carefully watch impact of forex moves on Japan’s economy, prices.
Exports, output continue to rise as a trend but impact of supply constraints heightening.
Japan's consumer inflation to move around 2% for time being but narrow pace of increase thereafter.
Japan's economy picking up as a trend, though some weakness has been seen.
Japan's inflation expectations, particularly short-term ones, have risen.
Japan's core consumer inflation has been at around 2%, mainly due to rises in energy and food prices.
Japan's economy is likely to recover with impact of covid-19 and supply-side constraints waning.
Japan's core consumer inflation likely to be at around 2% for time being, but expected to decelerate thereafter.
Japan's economy faces extremely high uncertainties including from covid-19 trends at home and abroad, developments in Ukraine situation.
Market reaction
USD/JPY is off the daily highs of 134.59 but adds 1.59% on the day to now trade at 134.24.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
