- Japanese economy is recovering moderately, albeit with some weak signs
- Underlying inflation likely to gradually accelerate
- Yet to decide on specifics of bond tapering plan
- But size of reduction in bond purchases likely to be significant
For now, it seems like only the bond taper is on the cards for July. There’s no mention of any follow up rate hikes by policymakers as of yet.
This article was written by Justin Low at www.forexlive.com. Source