Japan: What lies ahead? - Nomura

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Bali) - Research Analysts at Nomura shares their views on the Japanese economy going forward, noting that they expect the BOJ to increase its purchases of JGBs and some riskier assets.



Key Quotes



"We expect the economy to overcome the consumption tax drag even though growth in Q2 2014 is likely to be negative."



"We expect the core CPI to average 1.1% y-o-y (excluding the impact of VAT) in FY2015, but still well below the 2% target."



"We expect the BOJ to increase its purchases of JGBs and some riskier assets, mainly ETFs, in October 2014."



"The main risks are yen appreciation, a worsening European debt problem, and the US and China slowing."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Webinar: Key Scalps in Focus Ahead of RBA, ECB, NFPs

  2. Forex News

    US Dollar Remains a Sell Until this Changes

  3. Forex News

    USD/JPY trades above 120.00 level

  4. Forex News

    USD loses steam amid US weak data; While Euro tarts up and goes up

  5. Forex News

    USD/JPY steady below 120.00 after US data

Trading Center