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.
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.