Bank of Japan (BOJ) board member Tamura expects the positive cycle of wage inflation to continue and acknowledges the importance of future monetary policy guidance for gradual normalization. Tamura notes the rise in service prices pushing up overall inflation and the remaining side-effects despite tweaks to the monetary policy framework. He emphasizes that market forces are not yet ready to fully drive long-term interest rate moves. Tamura's view is that BOJ's ultimate goal is to bring interest rates back to levels where adjustments affect demand and inflation. He suggests maintaining accommodative monetary policy based on economic and price outlook while Japan's economy displays weakness but is moderately recovering.
BOJ'S TAMURA: IN MY VIEW, BOJ'S ULTIMATE GOAL IS TO BRING INTEREST RATES BACK TO LEVELS WHERE HIKES AND CUTS ARE MADE TO ADJUST DEMAND, AFFECT INFLATION
BOJ'S TAMURA: FUTURE MONETARY POLICY GUIDANCE IS VERY IMPORTANT TO ENSURE BOJ MOVES SLOWLY BUT STEADILY TOWARD POLICY NORMALISATION
BoJ’s Tamura: In My View, BoJ’s Ultimate Goal Is To Bring Interest Rates Back To Levels Where Hikes And Cuts Are Made To Adjust Demand, Affect Inflation
🔴 TAMURA OF BOJ: BOJ'S AIM IS TO NORMALIZE INTEREST RATES FOR MARKET ADJUSTMENTS AND INFLATION CONTROL
🔴 TAMURA OF BOJ: IMPORTANCE OF FUTURE MONETARY POLICY GUIDANCE FOR GRADUAL NORMALIZATION
BoJ Board Member Tamura: Based On Current Economic, Price Outlook, BoJ Likely To Maintain Accommodative Monetary Conditions For Time Being - Not There Yet To Allow Market Forces To Fully Drive Long-Term Interest Rate Moves - Japan's Economy Showing Some Signs Of Weakness But…
🔴 BOJ'S TAMURA EXPECTS POSITIVE CYCLE OF WAGE INFLATION TO CONTINUE
BOJ'S TAMURA: POSITIVE WAGE-INFLATION CYCLE LIKELY TO CONTINUE
BOJ'S TAMURA: JAPAN'S ECONOMY SHOWING SOME SIGNS OF WEAKNESS BUT RECOVERING MODERATELY
BOJ'S TAMURA: RISES IN SERVICE PRICES PUSHING UP OVERALL INFLATION
🔴 TAMURA FROM BOJ: SERVICE PRICE INCREASES PUSH UP OVERALL INFLATION
🔴 BOJ'S TAMURA NOTES JAPAN'S ECONOMY DISPLAYING WEAKNESS BUT MODERATELY RECOVERING
BOJ'S TAMURA: OUR MONETARY EASING HAD SOME EFFECT IN UNDERPINNING ECONOMIC GROWTH
BOJ'S TAMURA: DESPITE OUR TWEAK TO MONETARY POLICY FRAMEWORK, THERE ARE SIDE-EFFECTS REMAINING
BOJ'S TAMURA: NOT THERE YET TO ALLOW MARKET FORCES TO FULLY DRIVE LONG-TERM INTEREST RATE MOVES
🔴 TAMURA OF THE BOJ: MONETARY EASING UNDERPINNED ECONOMIC GROWTH
BOJ'S TAMURA: WILL GUIDE MONETARY POLICY APPROPRIATELY IN ACCORDANCE WITH ECONOMIC, PRICE, FINANCIAL DEVELOPMENTS
🔴 BOJ'S TAMURA ACKNOWLEDGES REMAINING SIDE-EFFECTS DESPITE TWEAK TO MONETARY POLICY FRAMEWORK
BOJ BOARD MEMBER TAMURA: BASED ON CURRENT ECONOMIC, PRICE OUTLOOK, BOJ LIKELY TO MAINTAIN ACCOMODATIVE MONETARY CONDITIONS FOR TIME BEING
🔴 BOJ'S TAMURA: MARKET FORCES NOT YET READY TO FULLY DRIVE LONG-TERM INTEREST RATE MOVES.
🔴 BOJ TAMURA TO GUIDE MONETARY POLICY BASED ON ECONOMIC, PRICE, AND FINANCIAL DEVELOPMENTS
🔴 BOJ BOARD MEMBER TAMURA SUGGESTS MAINTAINING ACCOMMODATIVE MONETARY POLICY BASED ON ECONOMIC AND PRICE OUTLOOK
BOJ MINUTES: SOME MEMBERS SAID BOJ IS NOT UNDER PRESSURE TO ACCELERATE RATE HIKES AT PACE THAT IS SEEN IN WESTERN COUNTRIES
BOJ MINUTES: SOME MEMBERS SAID UPSIDE RISKS OF INFLATION GREATLY OVERSHOOTING 2% TARGET HAVE BECOME SMALL
BOJ MINUTES: MEMBERS SHARED THE VIEW THAT CHANCES OF ACHIEVING 2% INFLATION RISING GRADUALLY, SO IF WE CAN CONFIRM VIRTUOUS CYCLE OF WAGES AND INFLATION, WE WOULD CONSIDER ENDING NEGATIVE RATES AND OTHER UNCONVENTIONAL EASING STEPS
🔴 BOJ MINUTES SHOW MEMBERS VIEW INCREASING CHANCES OF ACHIEVING 2% INFLATION GRADUALLY; CONFIRMATION OF VIRTUOUS CYCLE OF WAGES AND INFLATION WOULD LEAD TO CONSIDERATION OF ENDING NEGATIVE RATES AND OTHER UNCONVENTIONAL EASING STEPS.
BOJ MINUTES FROM JANUARY MEETING: MEMBERS AGREED HAS NOT REACHED A STAGE WHERE LIKELIHOOD OF ACHIEVING INFLATION TARGET SUSTAINABLY
🔴 BOJ MINUTES: MEMBERS AGREED LIKELIHOOD OF ACHIEVING INFLATION TARGET SUSTAINABLY NOT REACHED
Most BOJ watchers see next rate-hike in October https://t.co/31JrgeSlKx