Bank of Japan Watch Bank preparing for prolonged hold After tweaking a range of policy measures in March, the Bank of Japan will keep policy settings unchanged in April. By addressing the side effects of ultra-loose policy, the Bank has set the stage for... 20th April 2021 · 8 mins read
Bank of Japan Watch Bank likely to defer widening of tolerance band The pendulum seems to have swung back against the Bank of Japan making any changes to its yield target next week or indeed any major changes at all. That is most likely because the Bank doesn’t want... 11th March 2021 · 8 mins read
Bank of Japan Watch Bank unlikely to ease more in response to virus wave The Bank of Japan is unlikely to respond to the worsening virus outbreak with additional stimulus. However, policymakers may provide some hints at the upcoming meeting about what to expect from the... 14th January 2021 · 8 mins read
Bank of Japan Watch Bank to extend lending programmes With the ongoing wave of infections in Japan the most severe yet, the Bank of Japan will probably extend its lending facilities beyond March 2021 at the upcoming meeting. But we don’t expect it to... 10th December 2020 · 7 mins read
Bank of Japan Watch Bank to maintain expansionary status quo The Bank of Japan may revise down its GDP growth and inflation forecasts slightly at the upcoming meeting. However, we doubt it will respond with additional policy easing. Its assets are already... 21st October 2020 · 8 mins read
Bank of Japan Watch Rate cuts still a remote scenario The Bank of Japan will leave policy settings unchanged at the upcoming meeting. And while the frontrunner to be the country’s next prime minister has indicated that he sees scope for further stimulus... 9th September 2020 · 8 mins read
Bank of Japan Watch BoJ to stay the course The Bank of Japan is likely to leave policy settings unchanged over the coming months as strains on financial markets have eased and loan demand has started to slow again. 8th July 2020 · 8 mins read
Bank of Japan Watch Bank may expand lending programmes further The Bank of Japan has already done a lot to ensure the availability of funding of non-financial firms, but we suspect it may go a little further at the upcoming meeting. 9th June 2020 · 7 mins read
Bank of Japan Watch Rate cut more likely than not The Bank of Japan will probably take some additional steps to support funding for corporates at the meeting that concludes next Tuesday. But with output plunging and deflation set to return, we think... 22nd April 2020 · 7 mins read
Bank of Japan Watch Coronavirus outbreak will trigger BoJ policy rate cut The Bank of Japan has limited room to provide support as the coronavirus outbreak nips the recovery from the sales tax hike in the bud. But we expect it to join the global monetary easing cycle by... 12th March 2020 · 8 mins read
Bank of Japan Watch Chances of policy easing diminishing The Bank of Japan will almost certainly leave policy settings unchanged when its forthcoming meeting concludes on 21st January as recent data have mostly been reassuring. And while we expect the... 14th January 2020 · 7 mins read
Bank of Japan Watch Bank to remain on hold for foreseeable future The Bank of Japan seems to have underestimated the drag on domestic demand from October’s sales tax hike. But the global outlook has improved and the government’s fiscal stimulus announcement has... 16th December 2019 · 8 mins read
Bank of Japan Watch Bank to keep policy rates unchanged The economic data have weakened a little further since the Bank’s September meeting. But amid continued concerns about the impact of loose policy on financial stability, we aren’t convinced that the... 24th October 2019 · 7 mins read
Bank of Japan Watch Bank to stick to its guns There are mounting signs that the economy will lose steam over the coming months. But the labour market remains very tight and the Bank remains concerned about the impact of loose policy on financial... 12th September 2019 · 10 mins read
Bank of Japan Watch Bank to extend forward guidance We expect the Bank of Japan to extend its forward guidance from spring 2020 to summer 2020 or later at next week’s meeting. However, we think that the financial markets are misguided in anticipating... 23rd July 2019 · 7 mins read
Bank of Japan Watch Bank won’t ease policy anytime soon A looming slowdown in GDP growth and the prospect of rate cuts by the US Federal Reserve has prompted speculation that the BoJ will have to ease policy by the end of this year. However, the Bank... 12th June 2019 · 1 min read
