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5 Jan 2016
BoJ: Framework changes to make communication effective with markets - ING
FXStreet (Delhi) – Research Team at ING, suggests that the Bank of Japan’s framework changes this year and is designed to make communication with the markets more effective.
Key Quotes
“The most obvious difference is that the number of monetary policy meetings will reduce significantly from 14 to 8, but perhaps of more importance are the changes to its publication structure. The first such change will occur this Friday, with the release of a “summary of opinions” which should provide insight into the range of opinions held by different board members (until now this has been hard to gauge). This week’s publication will be particularly interesting, as it relates to the December meeting where the bank made technical adjustments to QQE, although the decision was made by a tight majority.”
Key Quotes
“The most obvious difference is that the number of monetary policy meetings will reduce significantly from 14 to 8, but perhaps of more importance are the changes to its publication structure. The first such change will occur this Friday, with the release of a “summary of opinions” which should provide insight into the range of opinions held by different board members (until now this has been hard to gauge). This week’s publication will be particularly interesting, as it relates to the December meeting where the bank made technical adjustments to QQE, although the decision was made by a tight majority.”