BOJ Likely To Keep Policy On Hold - Poll

PREVIEW: The Bank of Japan will likely hold off from additional easing steps when the policy board meets next week but many economists expect the central bank to act again as early as December amid increasing political pressure and the chance of a stronger yen if the U.S. Federal Reserve takes additional monetary stimulus steps. All 10 BOJ watchers surveyed by Dow Jones Newswires expect the BOJ to stand pat on its key policy at its Nov. 19-20 meeting after a rare second consecutive month of easing measures. "Since next week's meeting will be held soon after the BOJ took action for a second straight month, the BOJ is likely to stand pat to examine the impact" of such moves, says Yuichi Kodama, chief economist at Meiji Yasuda Life Insurance. The BOJ will likely release the outcome of the meeting between 0300GMT-0500GMT on Tuesday.

BOJ Likely To Keep Policy On Hold - Poll

Find us on Google+