Thoughts on the Bank of Japan after yesterday's monetary policy statement for September
Via Pantheon Economics, this in brief:
- We maintain our strong disagreement with the consensus that the BoJ will keep rates unchanged until after the consumption tax hike and into 2020
- Most likely, the July tweaks were the first step
- An official rate hike could still be on the cards before the end of the year, depending on external conditions.
Huh, can't see a hike before year end myself but an interesting take (ps that is just a very brief summary of the note).
