BOJ considering additional easing - Nikkei

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 21, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Bali) - The Nikkei is reporting that the BOJ is taking into serious consideration expanding its monetary easing measures, as the outlook for inflation all across the globe remains dim amid falling Oil prices.

    According to Nikkei, citing an unnamed senior BOJ official: "The oil rout has changed the BOJ's thinking. "If falling consumer prices resulting from crude's plunge are making more people feel that prices are less likely to rise, then we should consider additional easing."

    Nikkei adds: "The strengthening yen and tumbling stock prices will also figure into the central bank's two-day policy board meeting scheduled to begin Jan. 28."

    Gov. Haruhiko Kuroda has been firm on his hard-line stance to remain on a 'wait-and-see' mode, expecting inflation to pick up towards the 2% BOJ mandate. However, Kuroda has repeatedly said that he would make "policy adjustments without hesitation" if needed.
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