The chances the Bank of Japan eases further have increased, according to over ha...
TOKYO - The chances the Bank of Japan eases further have increased, according to over half of economists polled by Reuters after the central bank last month committed to expanding stimulus if a global slowdown derails the economic recovery here.
Last month, the BOJ said it would ease policy “without hesitation” if overseas risks prolong and threaten the economy’s momentum to hit its price goal. Asked if chances of the central bank easing further had increased after its July policy meeting, 21 of 38 economists in the Aug. 2-13 poll answered “yes” and 17 said “no”.
“Share prices have fallen and yen has firmed on risk aversion recently due to the intensified U.S.-China trade friction. If that continues, the BOJ will have to ease,” said Yusuke Kaniwa, an economist at Hamagin Research Institute. Fourteen economists forecast the BOJ would allow for greater fluctuation in the 10-year Japanese government bond yield.
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