FXStreet (Guatemala) - RBS strategists noted that the Bank of Japan decision is released and they are in line with the widely held consensus expecting no change.
“The BoJ has remained fairly neutral in terms of its policy signalling through the implementation of the consumption tax hike and we expect the Bank will maintain a generally upbeat view on the economy and prices”.
“The Bank may be encouraged by the upward revision in capital expenditure in the first quarter GDP”.
“That increase in domestic capex, should it fuel larger distributions to household income, may support demand even accounting for the dampening impacts of the consumption tax hike. Our economists discuss this point in depth in their economics weekly”.