- The BOJ has stayed on hold as probability of baseline outlook has decreased
- Underlying price trend is still below target
- Prefers utilising more time in evaluating Middle East situation and how it will impact economy, prices
- Takes seriously the fact that there were three board members who dissented on the decision today
- The other six members were mindful of upward risks to inflation
- However, not seeing any immediate urgency to raise interest rates for now
More to come..
This article was written by Justin Low at investinglive.com.
