UBS: BOJ won’t ease policy in 2013
Analysts at UBS think that the Bank of Japan is unlikely to further ease its monetary policy this year.
“We think current inflation expectation is consistent with 2% inflation within 2 years. But it has become clear that BOJ will not ease further as long as USD/JPY remains at around 100.00 and the stock market stays upbeat”, said the bank.
Nikkei 225 stock index (source: Yahoo Finance)