Forex Flash: BoJ likely to expand its APP in August - Standard Chartered

By FXstreet.com,  August 07, 2012, 11:34:00 PM EDT

FXstreet.com (Barcelona) - The Bank of Japan (BoJ) is likely to expand its Asset Purchase Program ( APP ) at its 8-9 August meeting, according to Standard Chartered research team, "as economic growth has lost momentum amid deflationary pressure and Japanese yen (JPY) strength" says the team. The bank thinks that "the BoJ is likely to increase its APP by another JPY 5-10trn to stimulate domestic demand, mostly by purchasing financial assets. It is also hoped that powerful monetary easing will contribute to inflationary pressure, allowing Japan to reach its inflation target of 1% by 2014."




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

Referenced Stocks: APP



Latest News Video

NASA Funds Development of 3D Printed Food
NASA Funds Development of 3D Printe...
Students Scream Moments After Tornado's Devastation
Students Scream Moments After Torna...
Los Angeles Mayoral Election Known For Low Voter Turnout
Los Angeles Mayoral Election Known ...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.44 0.07  0.52%
F $ 14.95 0.10  0.66%
CLWR $ 3.40 0.14  4.29%
SIRI $ 3.515 0.02  0.43%
MSFT $ 34.85 0.23  0.66%
CSCO $ 24.01 0.07  0.27%
MRK $ 47.33 2.12  4.69%
PFE $ 28.78 0.08  0.28%