Bank of Japan Summary – rate hikes ahead will be slow to come

Reuters have posted a recap of the Bank of Japan ‘Summary’ published earlier in the session.

Main points it makes:

• BOJ policymakers saw need to go slow in future rate hikes
• One member said Japan does not need rapid rate hikes
• BOJ must communicate it was not shifting to tighter policy
• Summary shows BOJ board was divided on strength of economy

The link is here for more.

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My post on the headlines from the Summary is here:

BOJ ‘Summary’ of the historic March 2024 meeting

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USD/JPY meanwhile has made a small lap up and down again:

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