Bank Of Japan Commentary
- BoJwon'tloosen grip on monetary easing just because achievingprice goal is delayed.
- BoJ has not changedlong=term target and is not assuming rate will keep increasing ahead.
6th September 2018
BoJ Board Member Kataoka sees low chances for Japan's economy momentum to reach price target being heightened under current framework, adds didn't need to allow more flexibility in long-term yields when BoJ was reducing price forecasts.
18th September 2018
BoJ Minutes from July meeting states that most stated it was appropriate to continue persistent easing and a few members said it was appropriate to adopt forward guidance to strengthen commitment to reach target
Some members said flexible control of long-term yields would contribute to maintaining and improvement of market function
Most members agreed to the proposal that Governor Kuroda should make it clear at the briefing that yield would be allowed to move both directions at double the current range.
26th September 2018