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BoJ Watch: Bold headlines but little substance – Capital Economics

By FXstreet.com,  January 16, 2013, 06:14:00 AM EDT

FXstreet.com (Barcelona) - The London Capital Economics team have noted the bold stance being put forward by the BoJ, but as of yet they see little substance to back it up.

They write, "We expect the two-day meeting of the Bank of Japan's Policy Board to conclude next Tuesday (22nd) with a joint statement on policy cooperation between the Bank and the government, the unveiling of a "new" inflation target of 2%, and another increase of at least ¥10 trillion in the ceiling on the asset purchase program. Anything less and the markets would now be sorely disappointed, but even these announcements may be less substantial than they first appear."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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