Posted Jul 29, 0:49

Onto the Bank of Japan

Onto the Bank of Japan Chart
12 hours ago: 

The highly anticipated Bank of Japan decision is due around 22:00-23:00 Eastern (03:00-04:00 BST/London) and is expected by most analysts to issue a set of broad measures: i) raise annual JGB purchases to JPY 90-100 trn from JPY 80 trn, ii) boost ETF purchases to JPY 4.0-4.5 trn from JPY 3.3 trn, iii) cut policy rate from -0.1% to -0.3% to -0.4% and;  iv) cut the interest rate on reserves. This is not the first time that the majority of economists polled by Bloomberg and Reuters expect such aggressive measures. So why this time?

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