BOJ now more likely to ease further – Reuters poll


The probability of the Bank of Japan (BOJ) easing further has increased after its July policy meeting, according to 21 of 38 economists in the Aug. 2-13 poll by Reuters.

Last month, the BOJ said it would ease policy “without hesitation” if external risks derail the progress toward the 2% price objective.

Key points (source: Reuters)

12 economists predicted that further easing would happen as early as September and ten forecast October.

Fourteen economists forecast the BOJ would allow for greater fluctuation in the 10-year Japanese government bond yield.

Three economists predicted the central bank would further lower its negative interest rates.

25 of 37 economists predicted a level below 100 yen to the dollar will cause the BOJ to ease further.




Get the 5 most predictable currency pairs

About Author

Comments are closed.