With economic activity sluggish and inflation slowing, we think it is a question of when rather than if the Bank will step up the pace of its asset purchases. Mr Kuroda has given no hint recently – including at the Bank’s meeting earlier this month – that more action might be imminent. But the governor has a record of springing surprises and we still think that policymakers will announce more stimulus this week to signal their commitment to the 2% inflation target.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services