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Goldman Sees BOJ Increasing QE in April 2016

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The Bank of Japan is in no hurry to introduce new monetary easing measures as the country’s outlook improves, said Goldman Sach’s chief Japan strategist Monday.

“(The BOJ) may do more but the timing is quite tricky,” said Managing Director and Chief Japan Strategist, Kathy Matsui.

Japan’s economy dodged a technical recession in the third quarter, rising at a 1 percent annualized rate, compared with a preliminary reading of a 0.8 percent contraction.

In addition to the upward revision of third quarter GDP, Monday’s Tankan survey showed business sentiment holding steady in the three months to December while core machinery orders also rose unexpectedly last week.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

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