Apr 11, 2013
Forex Flash: BoJ policy has global ramifications – Goldman Sachs
FXstreet.com (Barcelona) - The importance of the BoJ’s shift extends beyond Japan’s own markets in ways that mostly reinforce our core views. The BoJ is extending the long easing in G4 financial conditions. “Beyond its direct contribution, Japan’s easing helps—at the margin—to keep policy easier globally and yields lower both outside and inside Japan. This should help to underpin a move to fresh highs in global equity markets, as long as the global growth environment does not deteriorate further.” Suggests the Economics Research Team at Goldman Sachs.