Summary of Opinions at the Monetary Policy Meeting on June 15 and 16, 2023
Opinions on Economic and Financial Developments Economic Developments • Japan's economy, despite being affected by factors such as past high commodity prices, has picked up as private consumption, for example, has increased moderately. Although the economy is likely to recover moderately, attention needs to be paid to factors such as developments in overseas economies. • The domestic economy has been resilient on the whole. A business sentiment indicator has been higher than the break-even point between improvement and deterioration, and firms' positive stance toward business fixed investment has been maintained. ... (full story)
BOJ SUMMARY OF OPINIONS: IT IS APPROPRIATE TO MAINTAIN CURRENT MONETARY EASING.— Breaking Market News (@financialjuice) June 25, 2023
BOJ SUMMARY OF OPINIONS: WAGE GROWTH IS REQUIRED, NOT MERELY COST-PUSH INFLATION, TO SUSTAINABLY AND CONSISTENTLY MEET THE PRICE OBJECTIVE.— Breaking Market News (@financialjuice) June 25, 2023
BOJ SUMMARY OF OPINIONS: IT IS EARLY TO CHANGE POLICY BECAUSE SMALLER ENTERPRISES ARE EAGER TO RAISE WAGES AND INVEST MORE.— Breaking Market News (@financialjuice) June 25, 2023
BOJ SUMMARY OF OPINIONS: BOJ MUST MAINTAIN EASY POLICY WHILE KEEPING AN EYE ON SIDE EFFECTS BECAUSE THE LONG-TERM RISK TO PRICES IS WEIGHTED TO THE DOWNSIDE.— Breaking Market News (@financialjuice) June 25, 2023
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