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BoJ Remains Committed to 2% Inflation Target

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Bank of Japan policymakers agreed that the amount of government debt purchases will fluctuate under its quantitative easing program, but don’t expect such changes to pose problems for its guidance on market operations, minutes of the central bank’s April 26-27 policy meeting showed on Wednesday.

Policymakers expressed more optimism about exports and industrial production but remained cautious on inflation expectations.

The minutes confirmed the central bank has become more confident about the economy and more comfortable with temporarily slowing the pace of debt purchases, but policymakers also acknowledged the BOJ’s 2 percent inflation target is still distant.

Reuters

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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