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Private demand to rise on negative rate effects – BOJ’s Nakaso

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 3, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Bank of Japan (BOJ) deputy governor Hiroshi Nakaso is now crossing the wires, backing the case for accommodative policy stance, while expecting that the Government efforts to stimulate growth should start materializing.

    Key Quotes:

    Wants to see govt growth strategy take off

    Need easing, structural reform for sustained growth
    Need to raise japan labor productivity

    Deposit rates won't become negative

    Lower yield curve hurts lender profits

    Private demand to rise on negative rate effects

    More quantity, quantative steps future options

    Core CPI to reach 2% around 1st half of fy17

    Drop in int rates to steadily affect econ, prices

    Underlying price trend to rise steadily
    For more information, read our latest forex news.
     

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