BOJ will scale back stimulus in 2020 or later: Reuters poll
|More than half of economists polled by Reuters expect the BOJ to delay policy normalization until 2020 or later, courtesy of tame inflation.
Of 37 economists surveyed, 16 expect the BOJ will finally start to unwind that ultra-easy policy sometime next year, down from 18 in the April survey, according to Reuters. Meanwhile, Sixteen economists expect it to happen in 2020 or later, up from 12 analysts in last month's survey.
Key points
38 of 41 economists say BOJ to start unwinding its stimulus steps if it decides to change policy
Japan FY2018 core cpi forecast +0.9 pct, FY2019 +0.9 pct excluding impacts from planned sales tax hike in oct 2019 (vs +0.9 pct, +1.0 pct in April poll)
16 economists expect BOJ will scale back stimulus policy in 2020 or later, 12 said 1st half of 2019, 4 say 2nd half of 2019 (vs 12, 11, 7 in April poll)
Japan FY2018 GDP forecast +1.2 pct, FY2019 +0.8 pct (vs +1.3 pct, +0.8 pct in April poll)
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.