Comments on the outlook for Bank of Japan monetary policy via JP Morgan

JPMorgan Securities Japan, on the statement from the Bank at the end of July:

  • "The BOJ shifted to a preemptive easing stance"
  • "The BOJ is now willing to ease in response to risks of weakening momentum, rather than waiting for hard evidence indicating a loss of inflation momentum."

Comes via a Reuters report, highlights:

  • Reuters poll- over half of economists polled said chance for BOJ's further easing has risen after July meeting
  • 30 of 38 economists said bank of Japan's next action will be to ease policy (vs 30 of 40 in July poll)
  • Yen strengthening below y100 vs USD could trigger further easing
Comments on the outlook for Bank of Japan monetary policy via JP Morgan