The BOJ is said to be going to hike rates before inflation hits target
This is doing the rounds on Twitter, but from a credible source
@gregorhunter at Bloomberg posts, citing MNI:
BOJ board is officially setting the stage for raising interest rates before achieving its 2% inflation target
- quietly conveying the message in an obscure paragraph on page two of its policy statement issued last month, MNI understands.
- no immediate need to "normalize"
- BOJ "has normalized its view on how it should conduct monetary policy"
- because a majority of the nine-member policy board is paying more attention to the costs of prolonged easing.
The full piece was attached to the tweet, reproducing it here but its available from @gregorhunter … which I have retweeted so ForexLive traders are on top of this
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I think its not too much - any hike is long way off still but nevertheless its something to take note of. The market moving news today is the China US trade talks: