Bank of Japan – monetary policy and exchange rates.

The latest Bank of Japan news! Find out where to look for BoJ’s monetary policy!

Are you curious about the Bank of Japan’s exchange rates and where to find them? Watch our latest video to see the Bank of Japan news!

Fresh Bank of Japan news on monetary policy and exchange rates!

The next Central Bank that we’re going to be looking at, is the Bank of Japan. And the Bank of Japan is, again, responsible for setting monetary policy for Japan and the headquarters of the bank is based in Tokyo. The board of the BOJ is comprised of a governor. The current governor is, presently, Kuroda. There’s two deputy governors and there’s six other members who make decisions on the interest rates.

Now, Japan itself is a very export-dependent economy and that means that it actively seeks to maintain and keep a weaker currency because this helps its export market, keeps it competitive. And the Bank of Japan will work hard to prevent the strength of the Yen and the Central Bank has, even on occasions, artificially entered the market to weaken its own currency by selling the Yen against the US Dollar and the Euro. This, of course, would result in Dollar/Yen and Euro/Yen appreciation, so it’s worth having that in mind. The Central bank wants to achieve price stability and it becomes concerned when the market becomes too volatile, as well. It likes to see a stable price. And, probably, the key issue that’s been facing the bank of Japan in recent years is trying to curb its deflationary economy as it works to increase inflation and achieve its 2% inflation target rates. It’s something that’s been struggling with for a number of years.

So, here’s the Bank of Japan website and when you’re wanting to see some of the latest decisions, all you need to do is go to Monetary Policy, and then you have a number of different options here, Outline of Monetary Policy, what it is, the meetings, releases, measures. If you just go to the Monetary Policy Meetings, you can see there, the meetings are listed by their date. So you can see is 1, 2, 3, 4, 5, 6, 7, around 8 times a year. You’ve got the Monetary Policy Meeting Minutes and what you do is you have a look. So that’s the last monetary policy meeting and you see here you’ve got a Summary of Opinions. So, if you click on these, you get to see for yourself their statements on monetary policy, what they’re doing with their asset purchases, they’ve had reduced those recently, risks that they’ve got. It’s just very useful to find out all the information. And the Summary of Opinions from the MP meeting, as well, just summarizes it. Particularly the Bank of Japan’s meetings. They’re not really big documents, so it’s quite easy to read and have a look at. But that gives you an insight of where you can get a whole host of the releases on the policy meetings, so you can see exactly what the Central Bank is focused upon.

The post Bank of Japan – monetary policy and exchange rates. appeared first on The Diary of a Trader.