As per the BOJ Outlook of economic activity and prices in July 2020, Japan's economy is likely to improve gradually from the second half of this year with economic activity resuming, but the pace is expected to be moderate as the impact of the novel corona virus (COVID-19) remains worldwide. Thereafter, as the impact subsides [...]
Quarterly Tankan Manufacturing and Non-Manufacturing data from Japan prints upside momentum which favors yen. Growing expectations of a recovery led business sentiment to jump back into positive territory for the first time since February. Chief Cabinet Secretary Yoshihide Suga said today that Japan is currently not in a situation to declare a state of emergency [...]
According to the economist, the Bank of Japan is expected to leave its main policy levels untouched Tuesday to support the pandemic-hit economy. 'BOJ may leave its interest rate and assets purchase rate unchanged at the end of its two-day meeting. Also, it is expected for a rise in the estimated size of a BOJ [...]
USD/JPY in a bearish trend as BOJ's Kuroda speech is pessimistic on the economy. Bank of Japan Governor Haruhiko Kuroda said the central bank would consider additional rapid easing if the coronavirus outbreak significantly threatened Japan’s economy and price trends. He called the coronavirus outbreak the “biggest uncertainty” for the domestic economy and added for [...]
