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BoJ: Summary of Opinions at the Monetary Policy Meeting on July 30 and 31, 2024
Opinions on Economic and Financial Developments Economic Developments • Japan's economy has recovered moderately, although some weakness has been seen in part. It is likely to keep growing at a pace above its potential growth rate, as a virtuous cycle from income to spending gradually intensifies. • Economic activity and prices have been on track, as seen in the results of this year's annual spring labor-management wage negotiations being reflected in wages. • Although private consumption has not been so strong, it is likely to remain resilient. Not only is this due to factors such as cuts in income tax and ... (full story)
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BOJ MEMBER: INTEREST RATE AT 0.25% STILL EXTREMELY LOOSE
— FinancialJuice (@financialjuice) August 7, 2024
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— PiQ (@PiQSuite) August 7, 2024BOJ JULY SUMMARY:
**ONE MEMBER SAID GIVEN ENVIRONMENT SURROUNDING INFLATION, IT IS GOOD TIME TO CONSIDER SMALL RATE HIKE
**ONE MEMBER SAID BOJ SHOULD EVENTUALLY RAISE RATES TO LEVELS DEEMED NEUTRAL TO ECONOMY, WHICH IS LIKELY AT LEAST AROUND 1%
**ONE MEMBER SAID BOJ…