BoJ Minutes: Members shared view there was uncertainty over BoJ's projection
|The Bank of Japan April meeting minutes have noted that the members agreed Japan's economy is likely to recover ahead.
Key notes
A few members said a positive cycle in which rising income leads to higher spending gradually beginning to kick off.
Members agreed on the impact of cellphone fee cuts on inflation likely temporary.
A few members said the pickup in inflation likely to lack strength.
One member said corporate funding conditions remain severe among service-sector firms, may see an increase in insolvency risks.
One member said must be mindful of any signs of an increase in bankruptcy numbers.
Members shared view pace of vaccine inoculation and its effect uncertain, which may weigh on economic activity.
Members shared view there is chance stimulus steps taken by advanced nations may quicken the pace of recovery for Japan, global economies.
Members shared view there was uncertainty over BoJ's projection that Japan's growth potential, financial intermediation will not be hurt from pandemic fallout.
USD/JPY reaction
There has been no reaction to the yen on the minutes.
USD/JPY Price Analysis: Remains strong to meet daily confluence near 110.80
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.