Senior Economist at UOB Group Alvin Liew reviews the latest BoJ monetary policy meeting.
“The Bank of Japan (BOJ) decided to keep its policy measures unchanged at its first Monetary Policy Meeting of 2021 today (21 Jan). And in its January 2021 outlook for economic activity and prices (The Bank’s View), the BOJ unsurprisingly kept its cautious recovery outlook (unchanged from Oct 2020 MPM) but upgraded FY2021/22 growth forecasts, taking into account of the government’s fiscal stimulus package announcement in Dec 2020.”
“The policy inaction and growth forecast upgrades for FY2021/22 … were both in line with market expectations. Looking forward into the next MPM, we maintain our view for the BOJ to do more and enhance its monetary policy easing further. Recall also that BOJ during its Oct 2020 MPM, announced it will review its QQE framework and that could portend monetary policy changes this coming March 2021 MPM.”
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.