An empty economic data calendar, but one item from the Bank of Japan
- Due at 2350GMT
The "Summary of Opinions" from the March monetary policy meeting
- It's a communications initiative from the Bank of Japan.
- The summary is written by Governor Kuroda (one of his helpers more likely)
- The 'Summary of Opinions' precedes the Minutes
- We won't get the March meeting minutes for a number of weeks from now, so this summary is sort of a Minutes 'Lite'
- The 'Summary' gives us some of idea of the discussion that took place
The summary post of the March announcement is here: No change in policy (as expected)
But, hey, clicks are valuable, to help you save one:
Full Statement is here: Statement on Monetary Policy [PDF 147KB]
Quick Headlines via Reuters:
- BOJ keeps monetary policy steady
- Maintains short-term interest rate target at -0.1 pct
- Maintains 10-year jgb yield target around zero pct
- Decision on yield curve control made by 7-2 vote
- Sato, Kiuchi opposed decision on yield curve control (Kiuchi proposed saying inflation extremely slow ... defeated 8-1)
- BOJ leaves unchanged pledge to buy JGBs more or less at current pace so its holdings increase at annual pace of around 80 trln yen
- Bank keeps economic assessment unchanged, says it continues to recover moderately as a trend
- Cuts view on housing investment ... housing investment moving sideways
The Bank didn't upgrade it assessment of the economy ... on the other hand it didn't downgrade it either.
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Also, this from Friday (last week) is extensive on Bank of Japan Governor's Kuroda's current throughs on the economy, policy etc:
- BOJ's Kuroda: No reason to reduce monetary accommodation
The summary post of this is huge, worth a read.
