BoJ minutes: Sluggishness in key sectors only temporary

FXStreet (Bali) – BoJ minutes from the August meeting have been released, with the Central Bank noting that emerging economies had recently been weak despite seeing an improvement in the long run, adding that sluggishness in exports, production, private consumption were only temporary.

Additional headlines – Reuters

Members shared view that emerging economies had recently been weak

Members shared view that while uncertainty remaining at a high level, emerging economies were likely to gradually improve from a somewhat longer-term perspective

Members concurred that exports and production had been slowing, sluggishness had been observed in some areas in private consumption

Members concurred that sluggishness in exports, production, and private consumption was only temporary

Many members said must be vigilant to effect on Japan’s economy if growth in emerging economies, including china, were to decelerate further

One member said export slowdown could negatively affect manufacturers’ capex attitude

BoJ minutes from the August meeting have been released, with the Central Bank noting that emerging economies had recently been weak despite seeing an improvement in the long run.

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