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