BoJ: Updated projections should reveal a less optimstic outlook - TD Securities
|According to TD Securities analysts, the updated projections should reveal a less optimstic outlook in the Bank of Japan's meeting next week. "But, with financial stability concerns paramount, the BOJ will be loathe to make any major policy pronouncements at this time. Nonetheless, the BOJ will likely reinforce that it stands ready to provide more stimulus."
Previewing other macro events in Asia next week, TD Securities analysts note:
"Australia: We expect 1.9% y/y for headline CPI (mkt 1.5%) and 1.75% y/y for core (mkt 1.65%). Tobacco, housing and health are the main contributors, with the main drag from transport (i.e., fuel at -10% q/q) and communication (-0.3% q/q). Annual core inflation at 1.75% leaves the RBA on the sidelines, but a significant downside miss (-0.5pp) has been a trigger for a cut before (May 2016)."
"Indonesia: Low inflation, firmer IDR and some stabilisation in external conditions, point to a more confident outlook, paving the way for a rate cut, likely at the May meeting. Why not cut at this meeting? We think that Bank Indonesia will want to assess any change in government policies following the Presidential and Parliamentary elections that took place this week."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.