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10 Jun 2014
BoJ inflation ouutlook dimishes chances of immediate easing - Nikkei
FXStreet (Bali) - Given that upward pressures continue to be observed in Japanese inflation figures, and with BoJ's prices outlook still optimistic as the year progresses, the Nikkei reports that under such scenario, chances of early easing are slim.
According to the Nikkei: "Given the moderate but steady rise in consumer prices, the Bank of Japan's policy board meeting on Thursday and Friday will likely dash private-sector hopes that additional monetary easing will come any time soon."
"A sizable number of analysts and market players bet new monetary expansion moves would come in July. But this is looking increasingly unlikely", Nikkei adds.
Lastly, the Nikkei also reports on a May 26 meeting, saying: "Kuroda and other top BOJ officials held an unofficial meeting with the CEOs of brokerages and others in the securities industry. The sector is hoping for additional easing measures, such as an increase in the central bank's purchases of exchange-traded funds, that will give a boost to the stock market."
According to the Nikkei: "Given the moderate but steady rise in consumer prices, the Bank of Japan's policy board meeting on Thursday and Friday will likely dash private-sector hopes that additional monetary easing will come any time soon."
"A sizable number of analysts and market players bet new monetary expansion moves would come in July. But this is looking increasingly unlikely", Nikkei adds.
Lastly, the Nikkei also reports on a May 26 meeting, saying: "Kuroda and other top BOJ officials held an unofficial meeting with the CEOs of brokerages and others in the securities industry. The sector is hoping for additional easing measures, such as an increase in the central bank's purchases of exchange-traded funds, that will give a boost to the stock market."