10
0
Japan : BoJ preview − Been there, done that!
Thu, Dec 18 2008, 09:11 GMT
by Flemming J. Nielsen
We now expect the Bank of Japan (BoJ) to cut its leading O/N target rate by 20bp to 0.1% on Friday when the BoJ announces its interest rate decision following this week's monetary policy meeting. While a smaller 10-15bp interest rate cut cannot be ruled out, the message will be the same: the O/N target rate will be allowed to decline close to zero and will no longer be the main monetary instrument. Hence, focus will now shift towards new BoJ measures to improve the monetary policy transmission mechanism. Options include outright purchases by the BoJ of government bonds, commercial papers or even stocks.
Published on Thu, Dec 18 2008, 09:13 GMT
Danske Bank
| Holmens Kanal 2-12, DK-1092 Copenhagen
http://www.danskebank.com/ | danskeresearch@danskebank.com
Legal disclaimer and risk disclosure
This publication has been prepared by Danske Bank for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents are not untrue or misleading, no representation is made as to its accuracy or completeness and no liability is accepted for any loss arising from reliance on it. Danske Bank, its affiliates or staff, may perform services for, solicit business from, hold long or short positions in, or otherwise be interested in the investments (including derivatives), of any issuer mentioned herein. Danske Bank's research analysts are not permitted to invest in securities under coverage in their research sector. This publication is not intended for private customers in the UK or any person in the US. Danske Bank A/S is regulated by the FSA for the conduct of designated investment business in the UK and is a member of the London Stock Exchange. Copyright () Danske Bank A/S. All rights reserved. This publication is protected by copyright and may not be reproduced in whole or in part without permission.Related reports
Weekly Market Commentary - Libor and Official Interest rates are at their narrowest by Mizuho Corporate Bank
Fri, Jul 3 2009, 14:33 GMT
London Gold Market Report by BullionVault.com
Fri, Jul 3 2009, 13:24 GMT
Daily Market Report - Risk aversion was the main theme of yesterday's trading session by Wachovia
Fri, Jul 3 2009, 12:25 GMT
Asia Market Update - Most Asian equities indices track the US session declines as nonfarm payrolls data disappoints by TradeTheNews.com
Fri, Jul 3 2009, 11:55 GMT
Daily Analysis - The Dollar gains as the markets tumble and investors seek a safe haven by Finotec Group Inc.
Fri, Jul 3 2009, 11:47 GMT
japan, boj, eurjpy, interestrate, gbpjpy, usdjpy
View AllRelated content
European Markets mixed, EUR rises and GBP lower
FXstreet.com | Fri, Jul 3 2009, 14:38 GMT
CURRENCIES: Dollar Edges Higher In Thin Trade Ahead Of Holiday
Dow Jones | Fri, Jul 3 2009, 11:46 GMT
GLOBAL MARKETS: European Stocks Lower On Econ Recovery Doubts
Dow Jones | Fri, Jul 3 2009, 08:38 GMT
CURRENCIES: Dollar Edges Higher In Thin Trade Ahead Of Holiday
Dow Jones | Fri, Jul 3 2009, 07:48 GMT
Forex: USD/JPY rejects 96.10 and falls below 96.00
FXstreet.com | Fri, Jul 3 2009, 07:25 GMT
japan, boj, eurjpy, interestrate, gbpjpy, usdjpy
View All
Interested in forex trading? forex brokerage firms!
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.