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2 reasons for a Bank of Japan 'tweak' to yield curve control (YCC) at its July meeting

The inflation data from Japan for May indicated strong price growth still:Japan CPI for May, headline 3.2% y/y vs. 3.5% priorThe inflation data from Japan today is going to reignite speculation of BOJ policy changeING warn of more to come:the current energy subsidy program will end in September and some power companies will begin to raise electricity fees again. Thus, we see headline inflation staying above 2% for a considerable time.And a July (meeting is 27 and 28 of the month) policy change:W... Read More

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Reasons

Bank

Japan

Tweak

Yield

Curve

Control

Ycc

July

tweak

Meeting

Forex

Posted: Jun 23 2023, 01:19

Author Name: forexlive

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