LS Preview | BoJ Set To Keep Rates On Hold With Focus On Forward Guidance
LONDON The Bank of Japan is widely expected to leave its policy rate unchanged at 1.00% on Friday, with markets instead focused on how policymakers frame the case for another rate hike later this year. Experts expect the BoJ to pause following June s rate increase to assess its impact on financial conditions. However, the updated Outlook Report is expected to show stronger near-term growth prospects, reflecting the resilience of the Japanese economy, while inflation forecasts are likely to see only modest revisions. Investors will be looking for any upgrade to the bank s assessment of underlying inflation, as well as Governor Kazuo Ueda s tone regarding persistent price pressures, as well subsequent implications of a weaker yen. Continue Reading...
LONDON The Bank of Japan is widely expected to leave its policy rate unchanged at 1.00% on Friday, with markets instead focused on how policymakers frame the case for another rate hike later this year.
Experts expect the BoJ to pause following June s rate increase to assess its impact on financial conditions.
However, the updated Outlook Report is expected to show stronger near-term growth prospects, reflecting the resilience of the Japanese economy, while inflation forecasts are likely to see only modest revisions.
Investors will be looking for any upgrade to the bank s assessment of underlying inflation, as well as Governor Kazuo Ueda s tone regarding persistent price pressures, as well subsequent implications of a weaker yen.
Continue Reading...