BOJ now more likely to ease further - Reuters poll

Omkar Godbole FXStreet Contributor

The probability of the Bank of Japan (BOJ) easing further has increased after its July policy meeting, according to 21 of 38 economists in the Aug. 2-13 poll by Reuters.

Last month, the BOJ said it would ease policy "without hesitation" if external risks derail the progress toward the 2% price objective.

Key points (source: Reuters)

12 economists predicted that further easing would happen as early as September and ten forecast October.

Fourteen economists forecast the BOJ would allow for greater fluctuation in the 10-year Japanese government bond yield.

Three economists predicted the central bank would further lower its negative interest rates.

25 of 37 economists predicted a level below 100 yen to the dollar will cause the BOJ to ease further.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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