26 May 2015
BoJ might step up easing by late-October – Capital Economics
FXStreet (Barcelona) - Marcel Thieliant of Capital Economics, expects inflation related concerns to lead the Bank of Japan to increase its pace of easing by late-October.
Key Quotes
“The Bank of Japan left policy settings unchanged at Friday’s meeting as widely expected, and its economic assessment turned more upbeat following the release of apparently strong Q1 GDP data. Additional easing as early as July is now off the table. However, we remain convinced that the prospect of prolonged below-target inflation will convince policymakers to step up the pace of easing by late-October.”
Key Quotes
“The Bank of Japan left policy settings unchanged at Friday’s meeting as widely expected, and its economic assessment turned more upbeat following the release of apparently strong Q1 GDP data. Additional easing as early as July is now off the table. However, we remain convinced that the prospect of prolonged below-target inflation will convince policymakers to step up the pace of easing by late-October.”