Published June 17, 2022 1:50 pm est
by Richard F. Cason, 
Editor in Chief,
NewsMovesmarketsForex
Key Issues-
- Bank of Japan Embarks on two day Monetary Policy Committee Meeting Scheduled for Friday, June 17, 2022 consensus- expected to not to Hike interest rates
- Japan Inflation rate Peeks 7.5% Year High, Core CPI YOY APR up 2.5% above the 2.0% target- highest in 8 years, Sky rocketing Food Prices the highest in 7 years , Energy prices rising as well
- Governor Haruhiko Kuroda under immense pressure to maintain the proper equilibrium of a fragile Japanese economy
- The Japanese Yen the Weakest its been in Over Two Decades Trading now @ 136.87 against the U.S. Dollar
The Bank of Japan two day Monetary Policy Committee meeting is scheduled to take place on Friday, June 17, 2022 led by Governor Haruhiko Kuroda. It is highly expected by our source that the BOJ will continue to take a dovish stance and will not hike rates.
Import cost have risen, Weaking Yen, Inflation on the Rise
Dealing with the fact that the Yen is relatively weak, and import prices are increasing, whereby driving consumer goods prices up, making it very difficult for the main stream people of Japan to get by without feeling the financial inflationary crunch. Inflation has also risen to a seven year high of 7.5% which has exacerbated an already complex economic situation. The BOJ find’s itself walking a very careful tight rope to keep the economy from teetering over the brink. .
The Bank of Japan Expect remain dovish and not raise Interest Rates?
I specially asked world renowned economist Marc Ostwald who is an expert Chief Economist & Global Strategist with ADM Investor Services International head quartered in London England, 
his insights and opinion on what he thought the Bank of Japan would do in Friday’s interest rate decision meeting and Mr. Ostwald stated:
“ The Bank of Japan is not expected to hike at this week’s meeting or at anytime in the next year, and while inflation is finally just above 2.0%, it does not believe that this will prove to be durable, and is thus sticking resolutely to it current ultra-accommodative policy settings.
This in turn has kept the JPY under considerable pressure, even if the relatively low level of inflation as compared with its G7 peers actually means that it has the highest (though negative) real interest rates.
Last week’s co-ordinated statement with the the Finance Ministry and FSA warning on excessive JPY weakness did serve to stem some of the yen weakness, but rings somewhat hollow after LDP policy Chief Takaichi told the Nikkei at the weekend that ‘now is not the right time for the government and central bank to intervene to support the yen’.
Given no change in policy or hint thereof going forward, the focus will be on its economic assessment, which is likely to see growth expectations lowered, and some emphasis on the fact that inflation pressures are due to currency pressures on import costs, and definitely not being paced by domestic demand.”
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Expert Economist:
Marc Ostwald an expert Chief Economist & Global Strategist with ADM Investor Services International
Marc Osterwall is a world renowned Expert Economist who Analyzes and forecast macro/microeconomic trends and central bank policies on a exponential economic level. Mr. Osterwall is a regular guest on Bloomberg BNN, HT & Radio, BBC, CNBC, Le Fonti International and is widely quoted on newswires, newspapers, and other digital media worldwide. He is also a regular conference speaker and guest lecturer at various universities.
