The main agenda item at next Thursday’s meeting of the Bank of Japan’s Policy Board will be the new GDP and inflation forecasts to be published in the Bank’s “Outlook for Economic Activity and Prices”. This report is likely to be upbeat, which may dampen expectations that the Bank will step up the pace of its asset purchases any time soon. Indeed, we are pushing back our forecast for the announcement of additional monetary easing to October next year. Nonetheless, with underlying inflation set to remain well below the 2% target, the Bank still has a lot more work to do.
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