An upbeat view to come from BoJ? – RBS

By FXstreet.com | Updated July 30, 2014 AAA

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”.



Related Forex Analysis
  1. Weekly Trading Forecast: Volatility Keeps Boiling in the FX Market
    Forex News

    Weekly Trading Forecast: Volatility Keeps Boiling in the FX Market

  2. Yen Looks Past Japan Recession and Election Risk, Sentiment Trends Key
    Forex News

    Yen Looks Past Japan Recession and Election Risk, Sentiment Trends Key

  3. Trading Video: Officials Trigger Volatility for Euro, Yen and Dollar
    Forex News

    Trading Video: Officials Trigger Volatility for Euro, Yen and Dollar

  4. Strategy Video: A Volatile Thanksgiving Week for FX?
    Forex News

    Strategy Video: A Volatile Thanksgiving Week for FX?

  5. USD/JPY consolidates below 118.00
    Forex News

    USD/JPY consolidates below 118.00

Trading Center