Forex Flash: BOJ easing to pause before the leadership change – Nomura

Nomura Strategist Yujiro Goto believes that BoJ easing looks likely to pause before the coming leadership change.

He writes, “We expect the BOJ to leave policy unchanged at the meeting this week (13 14). The BOJ is expected to upgrade its economic assessment and in fact, the economic outlook is clearly improving. The Bank has eased four times in five months since September, which is an extraordinary pace of easing for the BOJ. Thus, the Bank wants to evaluate the impact of previous easing on the economy. Nikkei and a few other local media also reported the Bank is likely to leave policy unchanged next week.”