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BoJ meeting expectations from the big market players
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Loading...Market participants are waiting for the meeting of the Bank of Japan tonight during Asian hours. Recent comments by the Governor Haruhiko Kuroda were for unlimited monetary easing. On the other hand there are signs of “comprehensive assessment” plan for influencing the economy, which creates a theoretical chance of any scenarios tonight.
Most analysts expect no major changes in BoJ policy, but there are others who do not underestimate the capacity of the central bank to surprise markets. Here's what you expect from big banks and financial houses:
Analysts at Daiwa Capital Markets rather expect a further reduction in interest rates at this meeting, they believe that the tools the bank has plenty of opportunities for new and more declines.
SBC even counters that the BoJ might do… nothing. Economic data haven’t been significantly worse than usual of late, and there have already been two doses of stimulus this year.
Goldman Sachs believe that a further cut won’t happen until a bit later on, they believe this meeting will seek to establish negative rate policy as the BoJ’s primary policy tool, superseding quantitative easing.
At Barclays does not expect a change in interest rates, but believe that BoJ will introduce more flexible system of buying bonds.
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