The Bank of Japan (BOJ) is expected to face a key test of its communication skills at the upcoming monetary policy meeting. The central bank aims to prepare markets for a policy shift but not in the immediate future. Japan's Prime Minister Kishida emphasizes the importance of the BOJ aligning its policy with the government's economic priorities to pull Japan out of deflation. The Japan business lobby head urges the BOJ to normalize monetary policy as soon as possible, while the focus remains on Japan's progress in achieving its price goal. This comes as the BOJ emerges from years of negative rates and ultra-loose policy, distinct from other central banks considering interest rate cuts. Japan's Economy Minister is set to attend the BOJ policy meeting today.
BOJ to focus on Japan's progress in hitting price goal https://t.co/C6kfR9LN3w https://t.co/b0wWQ8EiuK
🔴 JAPAN'S ECONOMY MINISTER TO ATTEND TODAY'S BOJ POLICY MEETING - GOVERNMENT
While markets reckon the U.S. Federal Reserve, European Central Bank and Bank of England are at the end of their hiking cycles and pivoting toward interest rate cuts next year, the BOJ is only just emerging from years of negative rates and ultra-loose policy. This morning's BOJ…
⚠️ BOJ TO FOCUS ON JAPAN'S PROGRESS IN HITTING PRICE GOAL Full Story → https://t.co/FMCWcTDdLv https://t.co/YAFQ0PPW7q
Japan business lobby head: BOJ must normalise monetary policy as soon as possible https://t.co/jQeD7SZMBg https://t.co/82vuup00Vt
⚠️ JAPAN BUSINESS LOBBY HEAD: BOJ MUST NORMALISE MONETARY POLICY AS SOON AS POSSIBLE Full Story → https://t.co/DuN8oje2lp https://t.co/fCvhRWIqtZ
🔴 JAPAN'S PM KISHIDA: I HOPE THAT THE BOJ GUIDES POLICY, TAKING INTO ACCOUNT THE GOVT'S ECONOMIC POLICY AND PRIORITY, WHICH IS TO PULL JAPAN COMPLETELY OUT OF DEFLATION.
🇯🇵 BOJ wants markets ready for a policy shift - just not so soon Japan's central bank chief faces a key test of his communication skills at next week's monetary policy meeting, where he is expected to keep alive prospects of an end to negative rates while hosing down excitement… https://t.co/4jW8DDXMgC
BOJ wants markets ready for a policy shift - just not so soon https://t.co/Y6F1VaX3b6 https://t.co/z39lywc7sk