The Bank of Japan (BoJ) board members shared their views on monetary policy outlook on Wednesday, per the BoJ Minutes of the April meeting.
The Bank of Japan board members shared their views on monetary policyoutlook on Wednesday, per theBoJMinutes of the April meeting. Key quotes Member agreed consumption likely to increase moderately. A few members said companies might become more active in raising prices, wages than initially expected. Members discussed risks associated with impact of weak yen on inflation. One member said impact of weak yen on inflation, wages may not prove temporary.
Market reaction to the BoJMinutes At the time ofwriting,USD/JPYwas down 0.02% on the day at 157.83. Bank of Japan FAQs What is the Bank of Japan? The Bank of Japan is the Japanese central bank, which sets monetary policy in the country. Its mandate is to issue banknotes and carry out currency and monetary control to ensure price stability, which means an inflation target of around 2%.
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