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BOJ will maintain accommodative monetary environment – BOJ’s Ishida

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Bank of Japan (BOJ) board member Koji Ishida was on the wires last minutes, warning that global headwinds may pose downside risks to Japan’s financial system, while adding that BOJ is likely to maintain monetary policy.

    Key Quotes:

    Japan's labour market tightening

    Should look at price trend stripping away effect of energy costs

    Hard to measure inflation expectations

    Shouldn’t worry too much about negative impact of Oil price falls

    Expect overseas economic growth to gradually heighten ahead

    Expect economy to expand moderately as a trend

    Expect capex to continue increasing moderately

    Exports may undershoot expectations due to expected slowdown in emerging market growth

    Risk of global market turbulence leading to global financial system instability low

    Must be mindful of risk that global market turbulence, if persists, may affect household, business sentiment

    Chinese authorities likely have sufficient room to deploy fiscal, monetary stimulus steps

    BOJ will maintain accommodative monetary environment so corporate profits lead to higher wages, increase in consumption
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