20 Aug 2013
Flash: BoJ to increase easing by mid-2014 - Nomura
FXstreet.com (Barcelona) - Nomura Economists continue to foresee Japanese domestic demand to pick up from mid-2013, "as the effects of the fiscal stimulus policy (which includes emergency economic measures) kick in" the team of Economists said.
Key quotes
"Export growth should gain further traction from mid-2013 as yen weakness increases export competitiveness."
"We think the BOJ will decide to increase its purchases of risk assets, particularly long-term JGBs and ETFs, in mid-2014."
"The main risks are sharp yen appreciation, a worsening European debt problem and the US and Chinese economies slowing."
Key quotes
"Export growth should gain further traction from mid-2013 as yen weakness increases export competitiveness."
"We think the BOJ will decide to increase its purchases of risk assets, particularly long-term JGBs and ETFs, in mid-2014."
"The main risks are sharp yen appreciation, a worsening European debt problem and the US and Chinese economies slowing."