Bank of Japan Watch BOJ to shift emphasis to improving growth potential On the face of it, the Bank of Japan’s Policy Board meeting next week looks like it will be a non event. The Board has acknowledged the weakening state of the domestic and global economy, and it... 28th September 2012 · 1 min read
Bank of Japan Watch Board downplaying dangers of soft domestic demand The Bank of Japan’s Policy Board will conclude its September meeting next Wednesday (19th), and is likely to leave policy settings unchanged despite concerns about the economic environment. The fact... 13th September 2012 · 1 min read
Bank of Japan Watch Pressure to stem yen strength increasing The main concern for the Bank of Japan’s Policy Board at its August meeting, concluding next Thursday (9th), is likely to remain the situation in Europe. The slowdown overseas threatens to further... 2nd August 2012 · 1 min read
Bank of Japan Watch Policy on hold for now as euro-zone crisis pauses The Bank of Japan’s Policy Board will conclude its two-day June meeting this Friday (15th). We expect this to be uneventful for three reasons. First, the weekend’s bailout of Spain’s banks has reduced... 12th June 2012 · 1 min read
Bank of Japan Watch Policy Board to take stock and reassess its options The Bank of Japan’s Policy Board meeting next week is likely to be uneventful in so far as we are don’t expect to see any change in the asset purchase program. Nonetheless, it may still be important... 17th May 2012 · 1 min read
Bank of Japan Watch Extending APP horizon could allow ¥20tr of JGB purchases Expectations that the Bank of Japan will announce a further increase in asset purchases alongside the publication of updated economic forecasts on Friday are now so high that the Policy Board will... 24th April 2012 · 1 min read
Bank of Japan Watch Further easing coming, just not yet The Bank of Japan’s Policy Board two-day meeting, which concludes on Tuesday (10th), has been made more interesting by two recent developments: the disappointingly weak Tankan survey and another spike... 4th April 2012 · 1 min read
Bank of Japan Watch Policy Board on a roll after launch of QE5 The Bank of Japan is likely to have been pleased with the market response to the policy measures it announced in February, especially as neither the additional asset purchases nor the tweaks to the... 8th March 2012 · 1 min read
Bank of Japan Watch Intervention moving up the agenda The February meeting of the Bank of Japan’s Policy Board is likely to be uneventful, unless the Ministry of Finance orders another round of intervention in foreign exchange markets. If the Bank... 7th February 2012 · 1 min read
Bank of Japan Watch GDP & inflation forecasts downgrade The January meeting of the Bank of Japan’s Policy Board will yield updated forecasts for GDP and inflation but probably little else. We don’t expect any changes in the Board’s monetary policy stance... 19th January 2012 · 1 min read
Bank of Japan Watch What next for the Asset Purchase Program? The Bank of Japan is unlikely to make any changes to its policy stance at its November meeting next week. The two main policy options available are a further increase in the size of the Bank’s Asset... 10th November 2011 · 1 min read
Bank of Japan Watch Forecast downgrade and further easing, with a twist The Bank of Japan’s Policy Board is highly likely to cut its forecasts for GDP and inflation at its meeting tomorrow. Along with the fragility of financial markets and the strength of the yen, this... 27th October 2011 · 1 min read
Bank of Japan Watch Policy on hold ahead of forecast updates in late October We do not expect any changes in monetary policy from the Bank of Japan next week or for the rest of this year. The Policy Board could again be forced into action by the fallout from global financial... 30th September 2011 · 1 min read
Bank of Japan Watch Intervention increasingly likely as yen strengthens further The Bank of Japan’s Policy Board is unlikely to announce any major monetary policy initiatives at the two-day meeting which concludes on Friday. However, the continued strength of the yen makes... 3rd August 2011 · 1 min read
Bank of Japan Watch Board not yet ready to heed IMF advice This week the IMF added its voice to those calling for further monetary easing from the Bank of Japan. However, the Policy Board seems more likely to upgrade its own assessment of the state of the... 11th June 2011 · 1 min read
Bank of Japan Watch GDP forecasts to be cut, but not by enough The Bank of Japan’s Policy Board is certain to cut its GDP forecasts for the current fiscal year on Thursday, but not, we think, by enough to reflect the full impact of the recent disaster. Nor are... 26th April 2011 · 1 min read