The Bank of Japan (BoJ) board members shared their views on the monetary policy outlook on Wednesday, per the BoJ Minutes of the September meeting.
Key quotes
Rapid decline in market sentiment in August 2024 due to U.S. economic slowdown fears. Japan’s markets particularly volatile due to quick position adjustments.
U.S. economy's future remains unclear, affecting global economic stability. Concerns over potential divergence in economic cycles among advanced economies.
U.S. growth led by private consumption but faces inflation uncertainties; potential risks if high expectations for AI decline.
On Japan's economy - Moderate recovery aligned with July 2024 outlook, resilient wage and consumption growth, though impacted by external factors.
Bank of Japan (BOJ) plans gradual policy rate increases, cautious of overseas economic uncertainties, especially from the U.S.
Plans to enhance transparency with market participants, emphasizing data-driven decisions over projections to avoid market surprises.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
Hot
No comment on record. Start new comment.