BoJ minutes: QQE effects firmly taking hold

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Bali) - The BoJ minutes just published showed no major surprises, with members unanimously voting to keep increasing the monetary base at an annual pace of about 60-70 trillion yen.



Additional details from the minutes, via Reuters, were:



"Members expressed the view that it was appropriate for boj to continue to steadily pursue QQE, as such easing had been exerting its intended effects."



"Members shared recognition QQE effects continued to firmly take hold."



"Members shared the recognition that, in a situation where nominal interest rates had been stable, real interest rates were declining on the back of a rise in inflation expectations."



"Govt rep said supply-side constraints had surfaced in the form of labor shortages, due to the current sustained economic recovery."



"Members shared view global markets had been calm on whole though some nervousness observed reflecting geopolitical risks such as ukraine."



You May Also Like

Related Forex Analysis
  1. Investing

    USD/JPY: 2015 Forex Forecast

  2. Forex News

    Weekly Trading Forecast: How Far can the Dollar Go in 2014?

  3. Forex News

    Japanese Yen May Resume Recovery on Year-End Capital Flows

  4. Forex News

    US Dollar Targets Fresh Highs versus Euro, but What Could Change?

  5. Forex News

    USD/JPY rises to 1-week highs

Trading Center