Bank of Japan could keep policy ultra-easy well beyond April

Reuters with the info, in brief:


  • the recession
  • persistently weak Japanese economic data (Core machinery orders out Monday showed an annual fall, the trade balance moved back into deficit in January despite better exports)
  • inflation was still above the BOJ’s 2% target in December but slowing

there seems little reason for the central bank to shift policy. BOJ Governor Kazuo Ueda noted the BOJ will remain data-dependent for now, and may choose to hold off on any policy shifts until after the economy returns to growth. That could mean until the next positive GDP reading; the preliminary Q1 release is due on May 16.

This article was written by Eamonn Sheridan at Source