Saturday , 8 February 2025
Home Forex Bank of Japan January meeting minutes – rising likelihood of hitting inflation target
Forex

Bank of Japan January meeting minutes – rising likelihood of hitting inflation target

Minutes of the Bank of Japan Monetary Policy Meeting on January 22 and 23, 2024, full text here

  • Members agreed on the rising likelihood of hitting the Bank’s inflation target, the prospect of doing so was gradually rising
  • Virtuous cycle of wages and inflation, if confirmed, means members would consider ending negative rates and other steps
  • Upside risks of inflation greatly overshooting to the topside have become small according to some members

This all very dated of course given the Bank moved to tighten at the following, March, meeting.

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

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Forexlive Americas FX news wrap 7 Feb: US jobs remains solid.Inflation expectations rise

Major US stock indices close sharply lower.US consumer credit for December $40.85B...

Major US stock indices close sharply lower.

The major US stock indices are closing sharply lower for the day....

For the trading week, the USD is ending mostly lower.

The USD moved sharply higher at the start of the week on...

US consumer credit for December $40.85B vs $12.35B estimate

Prior month -$7.49 B revised to -$5.37%US consumer credit for December came...