BOJ Summary Shows Government Unconcerned About Price Overshoot Risks
Dow Jones
Yesterday
0646 GMT - The Bank of Japan's summary of opinions released earlier Thursday shows that government representatives showed little concern over the risk of higher inflation at the bank's September meeting, says Daiwa Securities economist Kento Minami. "Instead, the focus appears to be on the cumulative impact of past rate hikes, as well as economic and market stability. This suggests that the government prioritizes the broader impact of interest-rate hikes on the economy and financial conditions over addressing upside inflation risks," he says. "While the government accepted the September rate hike itself, that does not mean it has condoned an acceleration in the pace of future rate increases," he adds.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.