BOJ Monetary Policy Navigator
- Apr 30, 2024
BoJ leaves policy on hold and does not try to defend yen with QT
Key points
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Bank decided unanimously to leave policy on hold at this week's meeting and said bond purchases would be conducted "in accordance with decisions made at March MPM"
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No hawkish signals found in Outlook Report, either, with risks to prices "balanced" in FY25 and FY26
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BoJ confirms degree of accommodation will be adjusted if underlying inflation rises, but expects "accommodative financial conditions will be maintained for the time being"