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Summary of Opinions at the Monetary Policy Meeting on March 17 and 18, 2022
I. Opinions on Economic and Financial Developments: Economic Developments: • Japan's economy has picked up as a trend, although some weakness has been seen in part, mainly due to the impact of the novel coronavirus (COVID-19). A pick-up in private consumption has paused. • Japan's economy, although expected to be affected by a rise in commodity prices, is likely to recover, with downward pressure stemming from COVID-19 on services consumption and the effects of supply-side constraints waning. • Although attention needs to be paid to how households' and firms' sentiment will change due, for example, to a surge ... (full story)
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BOJ SUMMARY OF OPINIONS: CONSUMER INFLATION IN JAPAN IS EXPECTED TO PICK UP FROM APRIL ONWARDS, HOVERING AROUND 2% FOR SOME TIME.
— Breaking Market News (@financialjuice) March 28, 2022
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BOJ SUMMARY OF OPINIONS: IF THE 2% INFLATION TARGET IS THREATENED, THE BOJ MUST RESPOND QUICKLY AND FLEXIBLY, SINCE RISING RAW MATERIAL PRICES COULD HARM THE ECONOMY AND PRICES.
— Breaking Market News (@financialjuice) March 28, 2022