Sifu786
Legendary Member

- Messages
- 12,325
Paid Membership
- Joined
- Feb 18, 2007
- Messages
- 12,325
- Reaction score
- 154
- Points
- 123
Policy Outlook January 11. BoJ Fukui spoke in the Diet and reiterated that the
direction of its policy would be to hike rates if the economy moves in line with
its scenario. However, the Nikkei"s nearly 1200pt plunge since the beginning of
the year made it hard to believe the BoJ will be able to raise rates this year.
Jiji reported today that the govt plans to tell the Diet by early- to mid-Feb
who they want to succeed Fukui in his posts. Takahir[email protected]
!TIMING OF MONETARY POLICY ACTION - POLICY INDICATORS VS TARGETS !
21Feb 07 O/N call rate 0.50%. Nationwide core CPI +0.4%Y/Y(Nov)
14Jul 06 O/N call rate 0.25%. Money supply +2.0%Y/Y(Nov)
09Mar 06 O/N call rate Effectively 0%. Bank lending +0.7%Y/Y(Nov)
20Jan 04 C/A balance JPY 30-35tn. BoJ"s idea of price stability 0%-2%
10Oct 03 C/A balance JPY 27-32tn. EY FUT MAR08 CHNG JUN08 CHNG
BoJ policy board meeting on January 21-22 99.230 +0.010 99.355 +0.020
11Jan CURRENT ACCT e7.49tn OPS 0bn BANKS" RSRV e4.10tn MUTAN e0.516%
10Jan CURRENT ACCT 6.62tn OPS 0bn BANKS" RSRV 6.25tn MUTAN 0.520%
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