G20: green light to monetary stimulus?
The Group of 20 finance ministers and central bankers start their meeting tomorrow. The most interesting question connected with this event is whether G20 will endorse the Bank of Japan’s monetary easing.
According to Russian Deputy Finance Minister Sergei Storchak, G20 probably won’t call for a tapering of stimulus in nations including Japan.
Mizuho: “We see the yen weakening further. Markets will expect additional easing once they are convinced that the BOJ will undershoot its price target, so Japan’s monetary policy is tilted toward further accommodation.”