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7 Jul 2014
Japan: What lies ahead? - Nomura
FXStreet (Bali) - Research Analysts at Nomura shares their views on the Japanese economy going forward, noting that they expect the BOJ to increase its purchases of JGBs and some riskier assets.
Key Quotes
"We expect the economy to overcome the consumption tax drag even though growth in Q2 2014 is likely to be negative."
"We expect the core CPI to average 1.1% y-o-y (excluding the impact of VAT) in FY2015, but still well below the 2% target."
"We expect the BOJ to increase its purchases of JGBs and some riskier assets, mainly ETFs, in October 2014."
"The main risks are yen appreciation, a worsening European debt problem, and the US and China slowing."
Key Quotes
"We expect the economy to overcome the consumption tax drag even though growth in Q2 2014 is likely to be negative."
"We expect the core CPI to average 1.1% y-o-y (excluding the impact of VAT) in FY2015, but still well below the 2% target."
"We expect the BOJ to increase its purchases of JGBs and some riskier assets, mainly ETFs, in October 2014."
"The main risks are yen appreciation, a worsening European debt problem, and the US and China slowing."