BoJ may expand easing, move further into negative rates

Bank of Japan (BoJ) is expected to make a bigger move in its current policy meet, believes Ian Hui of JPMorgan. BoJ will come out with its statement on Wednesday.

 

The bank is likely to expand its quantitative and qualitative easing (QQE) as well as move more into the negative interest rate category. This will mainly help Japan support its spending and inflation target, he says. The government’s fiscal policy along with monetary policy will have to contribute together to tackle weakness in its market. 

 

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