OctaFX | OctaFX Forex Broker
Open trading account
Back

JPY: Easing coming on October 30th meet of BoJ – Goldman Sachs

FXStreet (Delhi) – Naohiko Baba, Research Analyst at Goldman Sachs, suggests that amidst much uncertainty, the research house continues to maintain their base-case scenario for BOJ easing on October 30 after the Bank of Japan kept monetary policy on hold at the October 6-7 Monetary Policy Meeting.

Key Quotes

“We see an increasing risk that the BOJ may find itself significantly behind the curve before too long.”

“We estimate that the BOJ will significantly lower its FY2015 real GDP growth forecast to around +1.0% yoy from +1.7% as of July, and lower its inflation forecast to around +0.3% from +0.7%. We also expect it to slightly lower its FY2016 price outlook.”

“The BOJ may also look for other measures in order to strengthen 'qualitative' easing channels apart from extending the duration of its JGB purchases and increasing ETF purchases, in our view.”

Japan Consumer Confidence Index came in at 40.6, below expectations (41.6) in September

Japan Consumer Confidence Index came in at 40.6, below expectations (41.6) in September
Read more Previous

EUR/USD finds fresh bids at 50-DMA, rises to 1.1370

The EUR/USD recovery from 1.1340 region extends into the early European trades, with a renewed buying wave appears to grip the shared currency amid persisting risk-off environment.
Read more Next
Start livechat