BOJ SUMMARY OF OPINIONS: MEMBER SUGGESTS EASING ADJUSTMENT IF OUTLOOK IS ACHIEVED
The Bank of Japan (BoJ) published the Summary of Opinions from its October monetary policy meeting on October 30 and 31, with the key findings noted below.
Key quotes
BOJ member suggests easing adjustment if the outlook is achieved.
BOJ member emphasizes the importance of monitoring the global economy, particularly the United States.
BOJ member stated no change in stance, will adjust monetary support if forecasts are met.
BOJ member maintains stance, will adjust monetary support if economic, price forecasts are met.
Member urges vigilance on global economic outlook and market trends.
Member notes BOJ doesn't need to signal ability to scrutinize risks.
Risk of US hard landing subsiding, uncertain if markets stabilizing.
BOJ member calls for clear communication on future policy rate hikes if forecasts are met.
BOJ member advises caution and taking time in raising rates.
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