- Former Fed chairman Bernanke: despite improvement in Japan's economy, there is still a strong case for Bank of Japan to continue with 2 pct inflation target
Market news
24 May 2017
Former Fed chairman Bernanke: despite improvement in Japan's economy, there is still a strong case for Bank of Japan to continue with 2 pct inflation target
-
I see BoJ's inflation overshoot commitment and YCC as constructive developments
-
Transmission mechanisms for BoJ have approached their limit
-
BoJ will likely to be able to control jgb yields with smaller volumes of purchases
-
BoJ policy, combined with fiscal stimulus, could help inflation reach 2 pct
-
Cannot rule out possibility BoJ will have to do more
-
One option is for govt to commit to fiscal spending and BoJ to commit to keeping debt/gdp ratio the same
-
BoJ could allow overshoot of inflation to offset rise in debt/gdp ratio
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page