“With core consumer prices set to rise steadily above zero and today's GDP report confirming that a steady recovery is at work, there is almost no obstacle left for the Bank of Japan in ending its super-loose monetary policy.”
“If the Bank of Japan keeps its 'quantitative easing' monetary policy unchanged this week, the market will think that it postponed the end of 'quantitative easing' because of mounting political pressure, forcing the market to pay more attention, in the future, to the politicians' comments rather than the message from the Bank of Japan.”
“More important (than heightened expectations of a policy switch next week) is what sort of policy framework the BOJ can present for the post-quantitative easing era, and there doesn't seem to be a consensus yet on this among the board members.”
“We think it more important what sort of policy framework the BOJ can present for the post-quantitative easing era, and there doesn't seem to be a consensus yet on this among the board members.”
