Reuters has published a lengthy article on a major analysis of the Bank of Japan’s past policy that “will present a paradigm shift for the central bank’s thinking on inflation.”
Summary points:
- Comprehensive review to help BOJ justify future rate hikes
- The key message of the study is that Japan is “ready for higher rates”
- Vice Governor Highlights Shift in Deflationary Norm in Japan
- The revision will not result in any change in the price target or the policy framework.
The full results of the survey will not be released until the end of the year.
Here is the link to the price for much more.
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The Bank of Japan is meeting this week, July 30-31. There is nothing in the article predicting this meeting.
Earlier:
- Bank of Japan meets next week, 0.1% rate hike estimated at around 65%
- BlackRock predicts Bank of Japan will not raise rates at July 30-31 meeting
This article was written by Eamonn Sheridan at www.forexlive.com.
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