Comments from PIMCO crossing the Bloomberg on more to come from the People’s Bank of China.

On China:

  • Sees PBOC cutting rates by a further 50bp
  • Sees cutting RRR by at least 150 bp
  • China growth of between 5.5 and 6.5% this year

PIMCO also on Japan:

  • Sees Japanese growth picking up modestly in 2016, towards 1%
  • Says Bank of Japan to maintain very aggressive QE