Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

Japan's numbers increases pressure for further BoJ easing

As for the Japanese numbers, they just increase pressure for further BoJ easing. It's just Japan's luck that having taken so long to be really aggressive in easing monetary policy, they should have done so heading into massive global disinflationary headwinds. 

"For now, the combination of soft data and hope of a response just leaves USD/JPY drifting a little lower within the current range. Failure can still ease, this month would see a bigger reaction (in the form of USD/JPY down) than delivery of the anticipated move", says Societe Generale. 

However, it is so widely assumed that doing something everyone expects will magically weaken the yen and boost the Nikkei again.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.