Bank of Japan (BOJ) decided to maintain the monetary stimulus targeted on Friday (18/12) this. Monetary stimulus remains disbursed amounting to 80 Trillion Yen and it is in conformity with the expectations of many analysts. While analysts still argue about when would be the BOJ will add stimulus, market attention leading up to the speech BOJ Governor Haruhiko Kuroda, following the policy meeting.
Kuroda: Not Change Policy More Right
Governor Kuroda, felt that the Japanese economy is still in rising inflation towards the target of 2 percent, so that the most appropriate measures according to the moment is not to add to monetary easing, although QE activity will still be supervised and can be expanded if needed.
BOJ benchmark interest rate is still maintained at the level of 0:10 per cent in line with expectations, the results of voting 8: 1, but they agreed to extend the maturity of the purchase of Japanese government bonds from 7 years to 12 years.
According to Kuroda, the Japanese business sentiment is still quite satisfactory and export menagalami increase. Although semikian, he admitted that there was a "stain" which weakens the economy, namely the weakness of inflation. In the second half of 2016, Japan's core inflation is expected to reach the target of 2 percent.
In addition, Kuroda also mentioned the Tankan business sentiment data. According to him, senetimen business in the country can still survive, but there are a number of signals that need to be wary of. After this report, monitored yen strengthened against the US dollar, with USD / JPY declining again to below the level of 122, exactly at number 121 735 in the afternoon when the news was written.
Kuroda: Not Change Policy More Right
Governor Kuroda, felt that the Japanese economy is still in rising inflation towards the target of 2 percent, so that the most appropriate measures according to the moment is not to add to monetary easing, although QE activity will still be supervised and can be expanded if needed.
BOJ benchmark interest rate is still maintained at the level of 0:10 per cent in line with expectations, the results of voting 8: 1, but they agreed to extend the maturity of the purchase of Japanese government bonds from 7 years to 12 years.
According to Kuroda, the Japanese business sentiment is still quite satisfactory and export menagalami increase. Although semikian, he admitted that there was a "stain" which weakens the economy, namely the weakness of inflation. In the second half of 2016, Japan's core inflation is expected to reach the target of 2 percent.
In addition, Kuroda also mentioned the Tankan business sentiment data. According to him, senetimen business in the country can still survive, but there are a number of signals that need to be wary of. After this report, monitored yen strengthened against the US dollar, with USD / JPY declining again to below the level of 122, exactly at number 121 735 in the afternoon when the news was written.
No comments:
Post a Comment