Reuters have a long piece up on a major Bank of Japan review of past policy that “will present a paradigm shift for the central bank’s ideas around inflation”.
Summary points:
Comprehensive review to help BOJ make case for future rate hikes
Key message of review is that Japan is ‘ready for higher rates’
Deputy governor highlights change in Japan’s deflationary norm
Review won’t lead to change in price goal, policy framework
The full outcome of the review won’t be released until later this year.
Here is the link to the price for much more.
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The Bank of Japan meet this week, July 30 and 31. There is nothing in the article previewing this meeting.
Earlier:
Bank of Japan meet next week, a 0.1% rate hike is around 65% pricedBlackRock forecasts the Bank of Japan not to hike rates at the July 30 / 31 meeting
This article was written by Eamonn Sheridan at www.forexlive.com.
