Bank of Japan (BOJ)'s Shirai speech yesterday – headlines via ForexLive

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BOJ board member Shirai spoke late yesterday in Singapore … headlines from her speech are crossing the wires now. Nothing too remarkable, of course:

  • BOJ's goal of ‘sustaining 2 pct inflation in stable manner' is equivalent to stabilising long-term inflation expectations at around 2 pct
  • Transforming public's deflation mindset will take some time but positive developments gradually starting to spread
  • BOJ sees long-term inflation expectations in moderate rising trend, must closely monitor whether this trend will continue
  • Assigning too many objectives to monetary policy without allocating sufficient policy tools may be potentially problematic

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Please help ForexLive fight the scourge that is insomnia. Here is the full text of Shirai's speech: “Recent Monetary Policy Trends in Advanced Economies and the Asia-Pacific Region” (Keynote Address at the National Asset-Liability Management Conference Held in Singapore) 

posted via ForexLive

Posted In: FuturesForexGlobalEconomics
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