BoJ minutes: Underlying inflation trend will continue to improve

FXStreet (Bali) - The BoJ minutes provided little new insights into the Central Bank's thinking, although is worth mentioning that in line with Governor Kuroda's optimistic speech last week, many members shared the view that underlying inflation trend will continue to improve.

Key Quotes - via Reuters

Some members said global flow of funds could reverse once US Fed raises rates

Many members said negotiations for financial assistance to Greece warrant attention

Many members shared view that underlying inflation trend will continue to improve

Apr 13, 2015

Japan Money Supply M2+CD (YoY) rose from previous 3.5% to 3.6% in March

Japanese machinery orders, corp good prices upbeat

Japanese February core machinery orders and March domestic corporate goods prices came much better-than-expected, suggesting that the recent upbeat rhetoric by the BoJ on inflation has now some fundamental back up. If the data continues to show improvements, the prospects for Q2 CAPEX in Japan look brighter.