Currency Analyst since 2010

BOJ left policy unchanged

As expected, the Bank of Japan has left today its policy unchanged. The BOJ’s Governor Kuroda said that he sees no need to ease now judging from current economy. At the same time, the central bank doesn’t plan to reverse the current QE earlier as there are no upside or downside risks emerging. Kuroda said the BOJ is flexible and would always adjust policy without hesitation as needed, including easing or tightening.  The regulator said in its statement that the economy has continued to recover moderately, “albeit with some fluctuations due to the consumption tax hike.”

According to JPMorgan Chase, “the BOJ seems confident in its economic assessment and outlook, there is an above 50% chance of easing in July,”

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