Bank of Japan monetary policy was left unchanged at the June 2019 meeting, which concluded just yesterday.

But analysts at Sumitomo Mitsui Trust Asset Management are already out with a note on what lies ahead.

  • "there is an increasing possibility that the central bank will expand its quantitative easing program"
  • room for long-term bond yields to fall further
  • USD/JPY could test the 105 if next week's US China trade talks disappoint