Sun. Jun 16th, 2019

BOJ Takes Dimmer View of Economy While Keeping Policy Unchanged

Despite the BOJ’s concerns about the economy, it doesn’t see a recession taking place –- or the need to take immediate policy action, said Harumi Taguchi, principal economist at IHS Global Insight Inc. “What’s important for the BOJ is price momentum and the positive cycle including wage growth, and those points are largely unchanged,” she said. Taguchi also noted that oil prices are rising and the yen is stable.

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