Forecasts an economic slowdown for the coming fiscal year as Middle East tensions weigh But overall, economic outlook remains stable although conditional on supply chain situation For now, Japanese economy shows moderate recovery signs despite some weakness That outlook assumes…
Forecasts an economic slowdown for the coming fiscal year as Middle East tensions weigh But overall, economic outlook remains stable although conditional on supply chain situation For now, Japanese economy shows moderate recovery signs despite some weakness That outlook assumes no major supply chain disruption though BOJ will keep raising interest rates while adjusting level of monetary support That will be according to changes in economic, price, and financial conditions Board member Takata recommended adding a reference that inflation target has been achieved More to come.. The comments follow from the BOJ policy decision earlier, in which the central bank left the short-term interest rate unchanged at 0.75%.
However, three policymakers – namely Takata, Tamura, and Nakagawa – dissented against the decision in voting to raise interest rates to 1.00%. As such, that saw a 6-3 vote split among the BOJ board on the decision. This article was written by Justin Low at investinglive.com.