News Headline Summary

Bank of Japan Minutes for Meeting on February 2013

- BoJ members agreed Japan's economy appears to stop weakening.
- BoJ members agree economy will return to moderate recovery path.
- BoJ members agree CPI to turn negative before moving to zero.
- BoJ members agree to pursue aggressive easing to achieve target.
- Some BoJ members said buying longer maturity JGB is one option.
- Some BoJ members said increasing risk asset buys is one option.
- One BoJ member said inflation rate may overshoot on excessive easing.
- One BoJ member said immediate start of open-ended buys is one option.

Reaction details (23:53)

- No immediate reaction seen in USD/JPY, trades 96.63 (+33 pips) last.

Analysis details (23:59)

- BoJ announced no new monetary easing steps on February meeting.

11 Mar 2013 - 23:50 - Fixed Income Data - Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: