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Volatility Alert: Bank of Japan (BOJ) Monetary Policy Meeting on 13th, Tuesday
To hike or not to hike. The Japanese Dilemma.
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The Empire’s most influential market event on Tuesday, March 13th, 2018 at 23:50 GMT
Bank of Japan (BOJ) Monetary Policy Meeting Minutes
Last week’s BOJ (Bank of Japan) meeting, highlighted dissent among board nominees over ending quantitative easing.
This week’s Meeting Minutes should help traders gain clarity on board members’ intentions.
Bank of Japan Governor Haruhiko Kuroda rattled markets last week, stating that the central bank would consider exiting its expansionary monetary policy if the inflation target was met in 2019, as projected.
This has strengthened the JPY against the US dollar, but how will traders react to this week’s insights on the BOJ policy meeting?
What do you think?
Will BOJ policy be tightened, sending the Yen upwards? Or will many share the idea that “there are no limits to monetary stimulus” – prompting the JPY to drop?
What are the BOJ Monetary Policy Meeting Minutes
These meetings, held by the Bank of Japan’s board of governors, review economic developments inside and outside the country and offer hints regarding the future course of the bank’s monetary policy.
The BOJ publishes a study of economic movements following the meetings.
Generally speaking, if the BOJ minutes show a hawkish outlook (against stimulating the economy), it is seen as positive (bullish) for the JPY, while a dovish outlook (for stimulating the economy) is seen as negative (bearish).
