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"Wouldn’t be strange" if BOJ eased this week – Japan’s Shibayama

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 28, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - Japan’s Prime Minister Abe’s aide Masahiko Shibayama said earlier on the day that it "wouldn’t be strange" if the BOJ rolled out additional stimulus at its meeting on Friday.

    Shibayama also noted that the US Fed’s decision to refrain from a rate-hike in September meant "there was no need to worry about an excessive slide in the yen" if Japan’s central bank eased this week.

    Earlier this week, a Bloomberg survey revealed that more BOJ easing stood at coin flip level. While 16 of 36 analysts surveyed by Bloomberg said they expect Governor Haruhiko Kuroda and his board to bolster monetary policy, eight forecast further easing at a later date and 12 see no prospect of any change in the foreseeable future.
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