BoJ quarterly report: Japan's economy expected to continue expanding moderately

Market news

27 April 2018

BoJ quarterly report: Japan's economy expected to continue expanding moderately

Decision on yield curve control made by 8-1 vote, board member Kataoka dissents
Japan core cpi expected +1.3 pct in fy2018/19 vs +1.4 pct projected in jan
Momentum for hitting price goal sustained but lacking steam
Median real gdp forecast for fiscal 2019/20 at +0.8 pct vs +0.7 pct projected in jan
Risks to the price outlook skewed to downside
Deletes mention of time frame for price target in outlook report

BoJ Gov Kuroda: will adjust policy as needed in order to maintain momentum towards 2 pct price target

Bank of Japan maintains short-term interest rate target at -0.1 pct, inflation likely to accelerate towards 2 pct as output gap improves, inflation expectations heighten

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