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Bank of Japan Preview
Wed, Aug 22 2007, 13:47 GMT
by Marina Schiaffino
The Bank of Japan it is likely to keep its rates unchanged at 0.50% in tomorrow's meeting. With no important fears about inflation, and an economic growth under expectations the BoJ feels no need to hike rates.
Eyes will be put on the clues that the bank will give for its movements on the next months, and also in the analysis of the actual situation of the Yen.
Check the effect that the result of the meeting will have over the pairs in our Rates and Charts Section or compare the movements of the different banks in our World Interest Rates Table.
- BoJ home page
- Minutes of previous Monetary Policy Meetings
In-Depth Analysis
- US Trading Preview - The Japanese currency continues to remain firm against the euro and sterling by Forexnews.com
- Overnight Briefing: Far East Timezone - Japan MOF watching market developments by Jyske Bank
- Morning Report - Japanese yen rockets higher by Westpac Institutional Bank
- Daily Forex Outlook - High Yielder's continue to spiral, as Japanese Yen surges by Easy Forex
Related News
- Japanese govt bonds close lower as caution prevails ahead of Fukui's remarks (Thomson Financial News)
- Japanese govt bond prices end morning mostly lower ahead of BoJ meeting (Thomson Financial News)
- Bank of Japan stays out of market as rates fall to near target (Thomson Financial News)
Analysts' comments
- Yasuhiro Onakado, chief economist at Daiwa SB Investments:
"The Federal Reserve said downside risks to economic growth had increased appreciably. That means risk factors, which the BOJ cites regarding the U.S. economy in its outlook report, are growing." - Reuters - Michael Klawitter, currency strategist at Dresdner Kleinwort:
"I guess the markets are saying not only will the BOJ postpone the August hike but increasingly it will (hold off) in September too. That leaves the negative carry for the yen too large, following the recent correction, and too tempting for speculators to get back in. But (cross yen) rallies will be temporary and nobody will be willing to bet on any lasting upward move." - AP - Tony Juste, FX Advisor at FXstreet.com:
"We should not be expecting any 'big surprise' from our friends in Japan, and less if we take into account the latest market developments. Therefore it is unlikely that a rate hike will be seen at this time, as I am not sure they like the levels where USD/JPY is curretly sitting at." - FXstreet.com
Published on Wed, Aug 22 2007, 14:37 GMT
Archive
- Fed Meeting Preview
Published On Tue, Sep 18 2007, 07:07 GMT - ECB and BoE meeting Review
Published On Fri, Sep 7 2007, 09:34 GMT - ECB and BoE meeting Preview
Published On Wed, Sep 5 2007, 14:43 GMT - Bank of Japan Meeting Review
Published On Thu, Aug 23 2007, 14:18 GMT - Bank of Japan Preview
Published On Wed, Aug 22 2007, 13:47 GMT
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