- Removes reference from assertion that it at the moment buys about 6 trillion yen of JGBs monthly
- On the March 18 decision, the BOJ hiked charges for the primary time in 17 years
- Vote was 9-0
- Prior vote was 7-2
There was a report earlier that the BOJ might take into account measures to cut back its authorities bond purchases, although the report did not say after they would possibly do this.
New forecasts (prior spherical was in Jan):
GDP:
- FY2024 vs 1.2% prior — consensus +0.9%
- FY 2025 vs 1.0% prior — consensus +1.0%
- FY 2026 (preliminary forecast): %
CPI ex contemporary meals:
- FY2024 vs 2.4% prior — consensus +2.3%
- FY2025 vs 1.8% prior — consensus +1.8%
- FY2026 (preliminary forecast): %
CPI ex contemporary meals and vitality:
- FY2024 vs 1.9% prior — consensus +1.9%
- FY2025 vs 1.9% prior — consensus +1.8%
- FY2026 (preliminary forecast): %
There was some discuss of upper CPI ex contemporary meals forecasts, partly because of rising oil costs.
