BOJ minutes: Economy likely to grow at slower pace in FY 2017

By FXStreet FXStreet (Bali) – BoJ minutes from the October meeting have been released, with the Central Bank noting that most members said economy likely to grow at slower pace in FY 2017 due to sales tax hike.

Additional headlines – Reuters

Overseas economies are likely to grow moderately.

China’s economy likely to follow stable growth path

Japan economy to continue moderate recovery

One member said difficult to expect Japan exports to increase due to structural factors

One member said anecdotal evidence companies are delaying investment

Members agreed that workers’ income have been rising moderately

Members agreed that Japan’s private consumption remains resilient

Most members said economy likely to grow at slower pace in FY 2017 due to sales tax hike

Price trend is improving due to core CPI

Delay in price target reflects slow improvement in output gap
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Source:: FX Street