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USD/JPY Forecast And The Bank Of Japan's Monetary Policy
85 percent of analysts expect the Bank Of Japan (BOJ) to ease on 29 July, according to a Reuters poll. There is also a near consensus that the BOJ will slash its inflation forecasts and postpone the time needed to reach its inflation objective. Markets expect a massive fiscal package next month This time, along with the monetary stimulus, the government is expected to announce a fiscal stimulus next month. Prime Minister Shinzō Abe has realised that the BOJ's current monetary policy isn't enough to propel Japan on the path to growth and induce inflation. Hence, the 20 trillion yen package is likely to focus on ... (full story)