JP Morgan on the BOJ - sees chance for easing in January

JP Morgan on the Bank of Japan monetary policy

• Say they see a possibility of an easing in January ... it depends on the yen exchange rate in the next 2 weeks

(the outperformance of the yen is not desirable to the central bank)

They continue:

• Have moved their forecast for further easing from November of this year forward to April
• Say its inevitable the BOJ will cut their inflation forecast for FY 2016 (forecast to be contained in this month's economic outlook report)
• Expects BOJ to say 2% inflation target to be reached now in H2 of FY 2017 instead of their prior H2 of FY 2016

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JPM commentary via Bloomberg