BOJ's next move will be to pull back from ultra-easy policy – Reuters poll

Dhwani Mehta FXStreet

Reuters out with the results from its latest poll, showing that a majority of the economists believe that the BOJ is likely to keep its price target steady at 2%, but could delay the timeline to reach its objective.

Key findings from the survey:

27 from 33 economists polled by Reuters between 6-17 July

BOJ to keep inflation target at 2% but will again push back the time when it will be reached

Inflation will accelerate gradually towards 1% later this year but will stall fall short both in fiscal year 2017 and 2018

BOJ to likely keep its 10year JBG yield target around 0% throughout next year but some expect the bank will raise it as far as 0.5% by later next year

BOJ's next move will be to pull back from ultra-easy policy say 31 from 37 economist, most say later next year or year after

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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