The Bank of Japan has decided to maintain the uncollateralized overnight call rate at around 0.75 percent, reflecting a moderate recovery in Japan's economy despite some weaknesses. The central bank anticipates continued wage increases and a stable inflation environment, which supports its current monetary policy stance.
📝 Classified Sentences
⚡ Rate Hikemp_interest_rate
"At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan decided, by a unanimous vote, to set the following guideline for money market operations for the intermeeting period: The Bank will encourage the uncollateralized overnight call rate to remain at around 0.75 percent."
🔮 Guidance Hawkishmp_interest_rate
"In view of these developments in economic activity and prices, the Bank judged it appropriate to adjust the degree of monetary accommodation from the perspective of sustainable and stable achievement of the price stability target of 2 percent."
🗣 Dissent Hawkishmp_inflation
"Takata Hajime opposed the description regarding the outlook for prices, considering that the level of the rate of increase in the CPI, including underlying CPI inflation, already had generally reached the price stability target."
🗣 Dissent Hawkishmp_inflation
"Tamura Naoki opposed the description regarding the outlook for underlying CPI inflation, considering that underlying CPI inflation was likely to be at a level that was generally consistent with the price stability target from the middle of the projection period."