MacroAug 4, 2026, 11:54 PM

BOJ Minutes Show Members See Risk of Inflation Overshooting 2% Target

The Bank of Japan's June meeting minutes revealed that most policymakers view the economy is broadly on track, but flagged the possibility that underlying inflation could exceed the 2% target.

JPYUSD

The Bank of Japan's June policy meeting minutes showed a consensus among most board members that the economy is progressing in line with the central bank's baseline scenario.

However, the minutes highlighted a shared concern about upside risks to inflation, with members noting that underlying price pressures could overshoot the BOJ's 2% target.

The revelation offers a glimpse into the board's thinking ahead of future policy decisions, though the baseline assessment suggests no immediate shift in the BOJ's accommodative stance.

Source: First Squawk

22hMacroUS Manufacturing PMI Hits 56.0 in October, Highest Since May 2022S&P Global's US manufacturing PMI rose to 56.0 in October, beating expectations, while services and composite measures slipped slightly but remained near multi-year highs.
1dMacroNew US and Chinese AI billionaires add $87 billion in nine monthsCombined wealth of first-time AI billionaires from the US and China rose by $87 billion in the first nine months of 2026, reaching $221 billion, according to The Kobeissi Letter.
1dMacroAI token spending growth slows to 0.2% in September, lowest since November 2025Monthly AI token spending rose just 0.2% in September, the weakest pace since November 2025, as lower model prices and efficiency gains cut the average cost per million tokens.
2dMacroBorn2trade CEO: “Everything is about gold now. Gold traders dictate industry standards and features”Konstantin Rashap, CEO of Born2trade, says 70-90% of retail clients now trade gold, forcing brokers to compete on overnight swap costs, leverage and loyalty incentives rather than spreads alone.
2dMacroJapan Economy Minister Kiuchi Urges BOJ to Follow Joint StatementJapan’s economy minister Kiuchi said he hopes the Bank of Japan will guide policy appropriately based on its joint statement with the government, which calls for stable and sustainable price stability.

Related