JP Morgan on the BOJ, now expect easing in July (from March)

The next Bank of Japan policy meeting is March 14 and 15. JP Morgan were expecting more easing at this meeting.

• They've now pushed it back to July
• JPM says the BOJ is monitoring the impact of negative rates for now

(The BOJ July meeting is on the 28th and 29th)

JPM add that financial market volatility has declined, markets have become a bit more stable

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While I'm on JPM, comments from chief economist Sally Auld on Australia and China:

• " ... if you were focusing more on the industrial economy you would be looking at growth rates of close to 3 to 4 per cent, but that's not the whole story in China
• "We're certainly not rushing to mark down Australian growth forecasts just because Chinese growth is probably going to slip from something closer to 7 last year to 6.5 this year."