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Summary of Opinions at the Monetary Policy Meeting on September 19 and 20, 2024
In brief, the main piiuntts from what was a bit of a dud meeting:
Japan’s economy has been recovering moderately, with steady price rises.Economic activity and prices are generally on track, with moderate growth expected.Concerns exist regarding the impact of U.S. economic uncertainties on Japan, including exchange rates and corporate profits.The Bank will maintain its current accommodative stance but will adjust if economic conditions improve.There are no immediate plans for further rate hikes, emphasizing stability and careful communication.
This article was written by Eamonn Sheridan at www.forexlive.com.
