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Expectations for a near-term BOJ easing continue to decline - Nomura

FXStreet (Bali) - Expectations for a near-term BOJ easing continue to decline, notes Yujiro Goto, FX Strategist at Nomura.

Key Quotes

"Expectations for a near-term BOJ easing continue to decline, but private forecasters still see a high possibility of a BOJ easing into 2015. While 35% of private forecasters expected the BOJ to ease in October in the previous survey, only 26% of them now expect the BOJ to ease."

"The survey period was before the latest BOJ meeting, and we would not be surprised if expectations have fallen further after Governor Kuroda's press conference after the previous meeting."

"The recent JPY weakness and Governor Kuroda's optimistic stance on inflation outlook are likely to be the major reasons behind reduced expectations for a BOJ easing in the near term."

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