- BoJ: consumer inflation likely to accelerate towards 2 pct reflecting improvement in output gap, medium to long term inflation expectations
Market news
BoJ: consumer inflation likely to accelerate towards 2 pct reflecting improvement in output gap, medium to long term inflation expectations
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BoJ maintains 10-year JGB yield target around zero pct
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Pledge to buy JGBs so that its holdings increase at annual pace of around 80 trln yen
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Board member Kataoka makes no proposal on expanding monetary stimulus
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Kataoka opposed decision on yield curve control
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BoJ maintains its forecast inflation to reach 2 pct during fiscal 2019/20 at quarterly review of its economic, price forecasts
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Board member Kataoka says BoJ should ease if domestic factors lead to delay in hitting price target
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Median real gdp forecast for fiscal 2019/20 at +0.7 pct vs +0.7 pct projected in july
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Japan core cpi expected +1.8 pct in fy2019/20 vs +1.8 pct projected in july
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Risks to economy roughly balanced
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Inflation expectations remain on weak note
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Momentum towards 2 pct price target is intact but still lacks strength
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