The Bank of Japan (BoJ) meeting on Thursday should prove uneventful compared with the latest Fed, ECB and BoE meetings. We do not expect BoJ to announce any additional easing measures. The data released since the last meeting in mid-June suggest the economy continues to recover strongly and is gradually moving out of deflation. Broader money supply growth also continues to accelerate, suggesting that BoJ’s aggressive expansion of the monetary base is spilling over to the broader economy.
Read the full report: Market Research
Danske Bank