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What To Expect From BoJ? - Goldman, BofA, Citi, Barclays, & Others
The following are expectations for the Bank of Japan (BoJ) February meeting by the economists at Goldman Sachs, Bank of America Merrill Lynch, Barclays Capital, and other leading banks. GS: (No-Change). Japan Q4 2013 real GDP grew 1.0% qoq annualized, far lower than the market consensus (+2.8%). While this marks four consecutive quarters of positive growth, momentum was much slower than the 4% recorded in the first half of 2013. Despite the miss, we continue to expect the Bank of Japan to be on hold later this week, keeping its economic and inflation outlook broadly unchanged. BofA: (Change). Regarding monetary ... (full story)