Friday, October 2, 2015

Barclays expects BOJ to expand QQE in Oct 30

FXStreet (Bali) - Barclays now expects the BOJ to ease further on October 30 instead of their previous call for more QQE in April 2016.

Barclays attributed its new call to today's inflation expectations survey results, noting there is "risk that corporate inflation expectations have started to turn down."

Barclays expects the BOJ to boost annual monetary base expansion pace to 100t-110t yen (from current 80t yen) via more JGB purchases, extend average maturities of JGBs held and raising ETF buys, while cutting interest rate on excess reserves.
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