Bank of Japan September meeting ‘Summary of opinions’

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Summary of Opinions at the Monetary Policy Meeting on September 19 and 20, 2024

In brief, the main piiuntts from what was a bit of a dud meeting:

• Japan’s economy has been recovering moderately, with steady price rises.
• Economic activity and prices are generally on track, with moderate growth expected.
• Concerns exist regarding the impact of U.S. economic uncertainties on Japan, including exchange rates and corporate profits.
• The Bank will maintain its current accommodative stance but will adjust if economic conditions improve.
• There are no immediate plans for further rate hikes, emphasizing stability and careful communication.

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