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Forex news -forex broker review => Forex => Topic started by: forex4you on Aug 05, 2024, 06:56 am

Title: Bank of Japan June meeting minutes - view that import prices rising due to yen fall
Post by: forex4you on Aug 05, 2024, 06:56 am
Bank of Japan June meeting minutes - view that import prices rising due to yen fall

Bank of Japan June meeting minutes


  • A few members said import prices rising due to recent yen fall,
    creating upside inflation risk
  • One member said
    cost-push inflation could heighten underlying inflation if it leads
    to higher inflation expectations, wage increases
  • One member said
    pass-through of higher labour costs accelerating, could appear in
    consumer inflation
  • One member said BOJ
    might need to consider adjusting degree of monetary easing as
    inflation might overshoot due to renewed cost-push pressure
  • One member said BOJ
    must raise rates at appropriate timing without delay
  • One member said rate
    hike must be done only after inflation makes clear rebound, data
    confirms heightening in inflation expectations
  • Members agreed
    recent weak yen pushes up inflation, warrants vigilance in guiding
    monetary policy
  • One member said
    BOJ's monetary policy should not be swayed by short-term fx moves


                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: Bank of Japan June meeting minutes - view that import prices rising due to yen fall (https://www.forexlive.com/centralbank/bank-of-japan-june-meeting-minutes-view-that-import-prices-rising-due-to-yen-fall-20240804/)

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