Bank of Japan Watch Bold headlines, but little new of substance? We expect the two-day meeting of the Bank of Japan’s Policy Board to conclude next Tuesday (22nd) with a joint statement on policy cooperation between the Bank and the government, the unveiling of a... 16th January 2013 · 1 min read
Bank of Japan Watch December's decision finely balanced The decision at the Bank of Japan’s Policy Board meeting next week is likely to be finely balanced. There are several goods reasons to believe the Board will further extend monetary easing, and... 11th December 2012 · 1 min read
Bank of Japan Watch Board to wait to see impact of recent policy changes The Bank of Japan’s Policy Board meeting next week is likely to be uneventful. The Board has eased monetary policy twice in three meetings over the last two months, and we see little justification for... 13th November 2012 · 1 min read
Bank of Japan Watch New forecasts won’t prompt further asset purchases The main purpose of the Bank of Japan’s PolicyBoard meeting next Tuesday (30th) is for it toupdate its forecasts for GDP and inflation.Historically, policy setting has taken a backseat inthe second... 24th October 2012 · 1 min read
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
