Forex Flash: BoJ unlikely to ease proactively anytime soon - Nomura

By FXstreet.com,  July 12, 2012, 08:22:00 PM EDT

FXstreet.com (Barcelona) - After the Bank of Japan made a minor change in its Asset Purchase Program ( APP ), which did not include the expansion in the size of the APP, and following the press conference by Governor Shirakawa, according to Japan-based Nomura economist Yujiro Goto, "this suggests the Bank is unlikely to ease monetary policy proactively anytime soon."

"The decision to leave monetary policy essentially unchanged re-emphasizes that the Bank's monetary policy management has not changed even after it changed its communication strategy in February. Moreover, the BOJ's inflation forecast and the press conference of Governor Shirakawa showed the BOJ's hawkish bias" says Yujiro, suggesting the possible BoJ unchanged stance in the next few meetings.




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



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