BOJ holds rates steady while signalling further tightening
๐ฆ The BOJ kept rates at 1.25% in an 8โ1 vote. Board member Takata proposed a rise to 1.5%, indicating pressure for faster policy normalisation.
๐ฏ The BOJ now sees underlying inflation as broadly consistent with its 2% target. However, Governor Ueda stopped short of declaring the target sustainably and stably achieved.
๐ Higher inflation forecasts and guidance for further rate increases suggest this pause does not mark the end of tightening. Financial conditions remain accommodative.
๐ด This stance could support the yen, but alone does not confirm a USD/JPY downtrend. Wage growth, inflation data and policy signals ahead of Decemberโs meeting remain key to watch.
#BOJ $BANK $JUP
๐ฆ The BOJ kept rates at 1.25% in an 8โ1 vote. Board member Takata proposed a rise to 1.5%, indicating pressure for faster policy normalisation.
๐ฏ The BOJ now sees underlying inflation as broadly consistent with its 2% target. However, Governor Ueda stopped short of declaring the target sustainably and stably achieved.
๐ Higher inflation forecasts and guidance for further rate increases suggest this pause does not mark the end of tightening. Financial conditions remain accommodative.
๐ด This stance could support the yen, but alone does not confirm a USD/JPY downtrend. Wage growth, inflation data and policy signals ahead of Decemberโs meeting remain key to watch.
#BOJ $BANK $JUP
