From a Reuters poll:

  • 30 of 35 analysts polled expect the next Bank of Japan (BOJ) policy move will be easing in QEexpansion, not tightening
  • 23 of 30 say the BOJ will expand asset purchases this year
  • Only 4 of 30 analysts expect easing in July, down from 11 in previous monthly poll
  • Japan FY2014/15 GDP seen +1.0% (vs +0.6% in April poll), FYy2015/16 +1.3% (vs +1.3%)
  • Japan FY2014/15 core CPI, excluding the saels tax hike, seen +1.1% (vs. +1.0 pct in April); FY2015/16 +1.1% (+0.9 %)

Private economists not showing the same degree of confidence in the BOJ hitting its 2% inflation target as the bank is itlself