- The Bank of Japan (BoJ) is due to release its 31 October meeting minutes on 25 November. At the October meeting, the BoJ increased its annual asset purchases to JPY 80tln from JPY 60-70tln. The decision came much earlier than markets expected.
- The 5-4 vote suggests that the board’s view was split. Some board members were concerned about the timing of the easing, according to Governor Kuroda. “The minutes may shed further light on board members’ views on monetary easing and the BoJ’s future policy direction. The board’s inflation outlook will be also important, as slow inflation momentum was the main trigger for the BoJ’s latest action”, said Standard Chartered on Friday.
The material has been provided by InstaForex Company – www.instaforex.com