The Bank of Japan kept policy settings unchanged today and signalled that it is more worried about the negative impact of higher commodity prices on activity than about inflation spiralling out of control. Indeed, we expect the Bank to keep policy loose even as inflation reaches 2% for the first time during Governor Kuroda’s tenure.
Bank of Japan Drop-In (18 March, 16:00 SGT/08:00 GMT): What will the BoJ do if/when Japan’s CPI hits 2%? Join our Japan and Markets economists after the BoJ’s March meeting for a discussion about the inflation outlook, the policy response and what it all means for market. Register here.
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