Japans firms see no BoJ action until 2020 - Reuters poll

A majority of Japanese firms see no tightening from the Bank of Japan (BoJ) until 200, or even further out, according to poll results from Reuters.

Key highlights:

Two-thirds of Japanese firms polled expect the BoJ's next move to be a tightening of monetary policy, while a full third sees the possiblity for further easing if current inflation trends begin to cool off. A little over a quarter of firms expect the BoJ to begin moving this year, with the rest seeing BoJ activity in 2019 or later, while almost three-quarters of survey respondents say the BoJ needs to exit from easy policies, although over half of respondents face a profit squeeze with the USD/JPY trading at 105.00, while a fifth see potential profit declines at Yen 105USD.