BOJ's next move to dial back stimulus, most economists now say: Reuters poll [Reuters]
Mitsubishi UFJ Financial Group, Inc. (MUFG)
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Source: Reuters
BOJ's next move to dial back stimulus, most economists now say: Reuters poll TOKYO (Reuters) - The Bank of Japan’s next move will be to dial back its massive stimulus, according to an increasing number of analysts polled by Reuters, reflecting receding market expectations of imminent monetary easing by the central bank. But any such withdrawal of stimulus will begin from 2021 at the earliest, the survey showed, a sign that monetary policy in Japan could be in a holding pattern for the time being. “There’s a chance growth in overseas and Japanese economies could pick up next year,” said Nobuyasu Atago, chief economist at Okasan Securities. “The yen is stable and stock prices are firm,” which could allow the BOJ to hold off on expanding stimulus, he added. Twenty-five of 41 economists, or 61% of the total, expect the BOJ’s next move to be a withdrawal of stimulus, the poll taken between Dec. 4-16 showed. That was up from 44% in a survey in November. Most of them say it could happen in 2
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