21 Jan 2015
BoJ expected to remain solidly on-hold - RBS
FXStreet (Bali) - According to RBS FX Strategy Team, the Bank of Japan is expected to remain solidly on-hold for the time being, adding that the BoJ leadership is still firmly supportive of the current easy policy stance.
Key Quotes
"The Bank of Japan decision during the Asia session today is unlikely to include any expansion of stimulus. We see the Bank of Japan as solidly on-hold for the time being after expanding its stimulus at its October meeting."
"Nikkei News reported this week that some BoJ members are concerned about the negative side effects of the Bank’s QQE program, though it is likely that the members showing concern are the same who voted against the QQE expansion in October. We see the BoJ leadership as still firmly supportive of the current easy policy stance."
Key Quotes
"The Bank of Japan decision during the Asia session today is unlikely to include any expansion of stimulus. We see the Bank of Japan as solidly on-hold for the time being after expanding its stimulus at its October meeting."
"Nikkei News reported this week that some BoJ members are concerned about the negative side effects of the Bank’s QQE program, though it is likely that the members showing concern are the same who voted against the QQE expansion in October. We see the BoJ leadership as still firmly supportive of the current easy policy stance."