BoJ Has Higher Easing Threshold

Bank of Japan policymakers signaled on Wednesday they had raised the threshold for further easing after last month’s policy revamp – keeping their pledge to expand stimulus if needed, but only to protect the economy from external shocks.

Yutaka Harada, who has been among the most vocal advocates of aggressive money printing on the BOJ’s nine-member board, said he saw no need to ease policy at the central bank’s next rate review.

“Job markets continue to improve as a trend so for now, additional easing may not be necessary,” even though inflation was undershooting prior forecasts, Harada told reporters on Wednesday.


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Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam