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Summary of Opinions at the Monetary Policy Meeting on October 30 and 31, 2023
Opinions on Economic and Financial Developments Economic Developments • Japan's economy has recovered moderately and is likely to continue to do so. However, there remain extremely high uncertainties surrounding economic activity and prices. • Upside and downside risks to the outlook for Japan's economy have continued to be fairly high. In particular, uncertainties regarding the U.S. economy have remained despite heightened expectations for a soft landing, and thus close monitoring is warranted on the impact of the economic developments. • Although households' spending behavior has become more defensive due to ... (full story)
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BoJ Summary Of Opinions, October MPM: One Mbr Said Need To Continue With Easing Patiently
— LiveSquawk (@LiveSquawk) November 8, 2023
- One MbrSaid Still Distance To 2% Goal
- One Mbr Said High Uncertainty Means Must Take Steps To Make YCC More Flexible
- One Mbr Said Unexpectedly Strong Pressure From Rising US Yields
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BoJ Summary Of Opinions, October MPM: One Member Said Chance Of Hitting Inflation Goal Is Rising
— LiveSquawk (@LiveSquawk) November 8, 2023
- One Member Said BoJ Must Gradually Adjust Degree Of Monetary Easing
- One Member Said Important To Communicate Need To Prepare For A World When Interest Rates Turn Positive