BoJ Preview: Clouds gathering - ING

James Smith, Economist at ING, suggests that the economic risks posed by JPY strength have led to renewed expectations for further BoJ stimulus.

Key Quotes

“We expect an increase in risk asset purchases, coupled with a decrease in the interest rate on the Loan Support Programme. However, we feel that the BoJ may increasingly struggle to influence JPY price action, even if next week’s stimulus package is received positively.”