BoJ Remains Committed to 2% Inflation Target

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

Oil Tanks As Price Slick Spreads

GBP/USD – Pound Slides as Carney Cautions Against Rate Hikes

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.