15 Sep 2015
BoJ to leave policy unchanged? - RBS
FXStreet (Guatemala) - Analysts at RBS noted that the Bank of Japan decides tonight, and we expect the BoJ to leave its policy stance unchanged at least until its semi-annual Outlook Report update in late October.
Key Quotes:
"Nikkei News did report last week that the BoJ may revise down its international growth outlook and, with it, the outlook for Japanese exports."
"But with a still positive outlook for the domestic economy, we think the BoJ will leave its policy unchanged – the BoJ has noted it expects a rebound in both GDP growth and inflation rates later this year, a stance supported by Governor Kuroda’s comments to parliament today, and a wait-and-see stance may be appropriate for now as it awaits more evidence of whether these views prove correct. On August 26th, BoJ Governor Kuroda insisted that the BoJ at this stage has “no concrete proposal for further accommodation.”
Key Quotes:
"Nikkei News did report last week that the BoJ may revise down its international growth outlook and, with it, the outlook for Japanese exports."
"But with a still positive outlook for the domestic economy, we think the BoJ will leave its policy unchanged – the BoJ has noted it expects a rebound in both GDP growth and inflation rates later this year, a stance supported by Governor Kuroda’s comments to parliament today, and a wait-and-see stance may be appropriate for now as it awaits more evidence of whether these views prove correct. On August 26th, BoJ Governor Kuroda insisted that the BoJ at this stage has “no concrete proposal for further accommodation.”