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- Japan – Monetary Policy Meeting Minutes. Еconomy to continue moderate recovery.
Japan - Monetary Policy Meeting Minutes. Еconomy to continue moderate recovery.
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Loading...Most members of the Bank of Japan’s board said that “that the timing of reaching around 2% was projected to be delayed compared with the projection in the July 2015 interim assessment, but this was due mainly to the effects of the decline in crude oil prices."
Most board members “shared the view that Japan’s economy was judged as likely to achieve around 2% inflation around the second half of fiscal 2016 and thereafter gradually shift to a growth path that sustained such inflation in a stable manner.
Board members agreed that “there was considerable uncertainty, mainly in developments in medium- to long-term inflation expectations, and risks on the price front were skewed to the downside”.
Members agreed that overseas economies are likely to grow moderately.
Members said China's economy likely to follow stable growth path.
Members said Japan economy to continue moderate recovery.
One member said difficult to expect Japan exports to increase due to structural factors.
One member said there is anecdotal evidence companies are delaying investment.
Members agreed that workers' incomes have been rising moderately.
Members agreed that Japan's private consumption remains resilient.
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