Asia News, Tokyo Interest Rate
Japan's
economy, the world's third largest, expanded at an 1.6 percent in
October-December, posting a continuous expansion since the 1980`s
bubble. The unemployment rate is at a 25 year low at 2.5 percent
which should encourage inflation putting pressure on wages , however,
consumer prices have risen more slowly than the BoJ had expected, as
companies hold off a price and wage's rise due to the uncertainty
over the economic outlook.
Inflation
Keeps pressure on Bank of Japan
Japan's
public debt is more than twice its gross domestic product, leading
many observers to doubt that the BOJ will be in any position to raise
interest rates even if 2 percent inflation was achieved.
Tokyo
CPI Excluding fresh product's will be release Friday, April 27, 2018
has rarely gone over the 2 percent target since the Nikkei 225 Peaked
in 1990.
Bank
of Japan is likely to continue a accommodate monetary policy for
sometime in order to reach the 2 percent inflation target.
USDJPY
( Daily ) 23.04.2018
Watch
for
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Governor Haruhiko Kuroda says his target is still to achieve 2
percent inflation.
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The central bank has pledged to buy $80 trillion yen ($720 billion)
worth of bonds a year.
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The Bank of Japan is talking about an exit from its huge stimulus
program.
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CPI (Excluding food and energy)
-
Interest Rate Decision
*Bank
of Japan Monetary Policy Statement contains the outcome of the BoJ’s
decision on asset purchases and commentary about the economic
conditions that influenced their decision.
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