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15 Aug 2013
Flash: BoJ to ease further by mid 2014 - Nomura
FXstreet.com (Barcelona) - The Bank of Japan looks poised to inject additional easing by mid-2014, according to Nomura Senior Economist Shuichi Obata and Chief Economist Tomo Kinoshita.
Key Quotes
"In our view, inflation in Japan is unlikely to reach the target set by the Bank of Japan (BOJ) within its two-year timeframe, and we think additional easing measures will be required at some point. Specifically, we expect additional monetary easing to be implemented in mid-2014 for the three reasons we outline below."
"We also think this will coincide with a decision on whether to extend the period of the BOJ’s asset purchasing program, currently due to end at end-2014."
Key Quotes
"In our view, inflation in Japan is unlikely to reach the target set by the Bank of Japan (BOJ) within its two-year timeframe, and we think additional easing measures will be required at some point. Specifically, we expect additional monetary easing to be implemented in mid-2014 for the three reasons we outline below."
"We also think this will coincide with a decision on whether to extend the period of the BOJ’s asset purchasing program, currently due to end at end-2014."