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BOJ Monetary Policy Navigator

BoJ leaves policy on hold, emphasizes need to "stabilize" underlying inflation at around 2%

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BoJ leaves policy on hold, emphasizes need to "stabilize" underlying inflation at around 2%

Key points
  • BoJ Policy Board votes 8-1 to leave policy rate around 1%; Takata dissents and argues for rate hike

  • Outlook Report notes risk of underlying inflation exceeding 2%, reflecting Bank's assessment at time of June rate hike

  • Bank emphasizes importance of stabilizing underlying inflation at around 2% and suggests policy phase is shifting

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