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Bank of Japan now more likely to ease further, economists say: Reuters poll

From reuters.com

The chances the Bank of Japan eases further have increased, according to over half of economists polled by Reuters after the central bank last month committed to expanding stimulus if a global slowdown derails the economic recovery here. Should the Japanese currency strengthen to below 100 yen on the dollar - which would hurt the nation’s vital exporters - that could also prompt the central bank to loosen policy further, many analysts said. The yen firmed to a seven-month high this week. Last month, the BOJ said it would ease policy “without hesitation” if overseas risks prolong and threaten the economy’s momentum to ... (full story)

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  • Category: Fundamental Analysis