FXStreet (Delhi) – Research Team at BBH, suggest that investors in Japan are focused on the likely policy response to the downdraft in the data.
Key Quotes
“The risk of a recession (defined as two quarters of contraction) is heightening speculation of a supplemental budget (though Prime Minister Abe has played this down) and changes in the BOJ’s asset purchases.”
“A recent Bloomberg survey shows that about a third of the respondents expects the BOJ to step up its efforts (from JPY80 trillion a year) as early as next month.”
(Market News Provided by FXstreet)