JP Morgan on the BOJ - expect further easing in September

JP Morgan revise their expectations for the Bank of Japan

We now expect a 20bp rate cut in September

Citing:

• expects a cut in the short-term policy rate from -0.1l% to -0.3% in September
• against the risk of financial tightening after the expected Fed rate cut
• If the US-China trade negotiations collapse and equity prices plunge, the BoJ may increase the amount of ETF purchases in July

BOJ Sep meeting is 18th and 19th