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BoJ March 14 and 15 2019 summary comes as follows:

  • Must maintain powerful monetary easing as momentum for hitting price goal sustained.
  • Must keep current policy, watch economic developments for time being while keeping eye on side-effects of stimulus.
  • Must ensure fiscal, monetary policy mix is maintained.
  • Must take policy action pre-emptively if economic, price developments change.
  • Must start preparing for policy response as downside risks materialising.
  • If momentum for price growth lost, BOJ should ease decisively.


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