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BoJ: Further easing on the cards - ING

FXStreet (Delhi) – Research Team at ING, suggest that in Japan, it is looking extremely unlikely that inflation will reach 2% by the first half of next year as the BoJ had hoped, which has led some commentators to forecast further easing next week.

Key Quotes

“Although it looks as if the economy may have contracted again in the third quarter, we view this more as a soft patch rather than a sustained downturn, whilst inflation excluding energy is trending upwards. As such, we expect the BoJ to remain on hold this week, although a revision to the inflation forecast/target looks almost inevitable.”

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