While the outcome of BOJ's tankan alone doesn't necessarily bolster the case for additional easing, the BOJ is likely to ease further next week because the absence of any easing action may lift the yen, putting downward pressure on the economy, says Masamichi Adachi, senior economist at JPMorgan Securities Japan; "the BOJ is unlikely to take the risk of yen strength, which will likely follow if it takes no easing steps."
Find us on Google+
No comments:
Post a Comment