No more BOJ easing for the foreseeable future – Bloomberg poll

FXStreet (Mumbai) – As per the latest Bloomberg survey, the Bank of Japan (BOJ) is likely to sit tight on its policy and won’t be expanding its ultra massive QE program for the foreseeable future.

Forty-eight percent of respondents in a Dec. 9-16 Bloomberg poll said they don’t expect additional stimulus, up from 46 percent in November’s survey. Credit Agricole SA’s economist is the only one forecasting further easing at the two-day meeting ending on Friday.

Fifty percent still predict the central bank will loosen policy by April. Standard Chartered changed its view after the BOJ opted against further easing at the Oct. 30 meeting, said Betty Wang, an economist at the bank, who said she now expects no further easing.

As per the Bloomberg survey, the Bank of Japan (BOJ) is likely to sit tight on its policy and won’t be expanding its ultra massive QE program for the foreseeable future.

(Market News Provided by FXstreet)