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Summary of Opinions at the Monetary Policy Meeting on June 16 and 17, 2022
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) and a rise in commodity prices. The economy is likely to recover, with the impact of COVID-19 and supply-side constraints waning, although it is expected to be under downward pressure stemming from the rise in commodity prices. • Japan's private consumption has picked up, particularly for services consumption, with the impact of COVID-19 waning and the number of people going out increasing. • ... (full story)
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ONE BOJ MEMBER: WE MUST FIRMLY SUPPORT THE ECONOMY BY EASING.
— Breaking Market News (@financialjuice) June 26, 2022
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BOJ SUMMARY OF OPINIONS: THE NUMBER OF GOODS EXPERIENCING PRICE INCREASES IS INCREASING AS A RESULT OF RISING RAW MATERIAL COSTS AND A WEAK YEN, BUT IT IS APPROPRIATE TO MAINTAIN EASY MONETARY POLICY BECAUSE INFLATION IS NOT DRIVEN BY A POSITIVE ECONOMIC CYCLE.
— Breaking Market News (@financialjuice) June 26, 2022
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ONE BOJ MEMBER: WE PREDICT CONTINUED UPWARD PRESSURE ON YIELDS.
— Breaking Market News (@financialjuice) June 26, 2022
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BOJ SUMMARY OF OPINIONS: MUST HEIGHTEN HOUSEHOLDS' PURCHASING POWER, INFLATION EXPECTATIONS TO ACHIEVE BOJ'S PRICE GOAL IN STEADY MANNER.
— Breaking Market News (@financialjuice) June 26, 2022
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