BoJ minutes: QQE effects firmly taking hold

By FXstreet.com | June 17, 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."



comments powered by Disqus
Related Forex Analysis
  1. Asian recap: Aussie and Yen run the show, majors playing second fiddle
    Forex News

    Asian recap: Aussie and Yen run the show, majors playing second fiddle

  2. Pound to Fall on Ebbing BOE Rate Hike Bets if 3Q UK GDP Underperforms
    Forex News

    Pound to Fall on Ebbing BOE Rate Hike Bets if 3Q UK GDP Underperforms

  3. USD/JPY desperate to get back below 108.00 pivot
    Forex News

    USD/JPY desperate to get back below 108.00 pivot

  4. British Pound Could Close Out Week with a Bang on UK GDP
    Forex News

    British Pound Could Close Out Week with a Bang on UK GDP

  5. Video: EURUSD, USDJPY Breakouts Unlikely to Form Trends
    Forex News

    Video: EURUSD, USDJPY Breakouts Unlikely to Form Trends

Trading Center