BoJ struggles to boost confidence on inflation targets

FXstreet.com (Barcelona) – The last BoJ minutes published yesterday, in which further evidence was gathered about the current split in inflation views by some board members – highlighting both economic and price risks titled to the downside -, is a reminder to market participants over the growing skepticism to Japan’s ambitious inflation goals, suggesting that the elimination of deflation might be a task more arduous than previously anticipated.

As noted yesterday: “Board member Sato made a proposal in the semi-annual report that risk are somewhat titled to downside (important to note the change in tone here, omitting the line …read more