Nomura Japan Central Bank in March overweight loose may be very high running man20130526

Nomura: the Japanese central bank in March may be very high loose loose remittance network February 18th hearing – Nomura global currency strategist Gotou Yujiro (Yujiro Goto) believes that the Japanese central bank in March to further launch easing measures are likely to be high. Prime Minister Abe’s economic adviser, Honda, said Wednesday that the Bank of Japan should be more forward-looking in order to change the deflationary situation of Japan’s economy. With the yen rising and stocks falling recently, the BoJ has become harder to achieve inflation targets. The BoJ’s meeting in April may need to reduce its economic and inflationary expectations once again, and inflation targets have been lowered in January. According to Bloomberg reports, TOYOTA Automobile Trade Union formally asked to increase the monthly salary of only 3000 yen, far more than last year’s 6000 yen growth quota conservative. Nomura thus judgment, one reason for the Bank of Japan’s new push loose to encourage enterprises to increase the intensity of salary. The central bank’s deputy governor, Zeng Hong, said on Friday (February 12th) that the central bank is paying close attention to the pay increase negotiations, and the conservative demands of the trade unions may be disappointed by the boj. Some large enterprises are expected in March 16th (the Central Bank of Japan meeting time for March 14, 15 days, two days) announced 2016 salary increase plan, but the trade union conservative demands imply that salary negotiations can not bring positive surprises to the central bank. Therefore, Nomura believes that the BoJ may decide to continue easing measures until the results of the pay negotiations are clear. Recent economic data is weak, the market performance turbulence, the Japanese authorities to respond to the policy possibilities are also rising, including further delay in the increase of consumption tax. In the medium term, Andouble’s economy will probably work again by curbing the yen’s appreciation. But in the short term, we still expect that the government will not intervene in the FX market, but we think the BoJ will act on the regular meeting in March. In the future, more of the yen moves from external factors. In the first week of March, the United States has important economic data releases, and the G20 meeting at the end of 3 will be the focus of recent trends affecting the yen. Enter Sina Financial shares] discussion

野村:日本央行3月加码宽松可能非常高   汇通网2月18日讯――野村证券全球货币策略师后藤佑二郎(Yujiro Goto)认为,日本央行3月份进一步推出宽松措施的可能性相当高。首相安倍的经济顾问本田周三称,日本央行应表现得更为有前瞻性,以改变日本经济的通缩态势。   近来日元升值、股票下跌,日本央行实现通胀目标变得更为艰难。日本央行在4月份的会议上可能需要再度下调其经济和通胀预期,1月份的时候通胀目标已被下调。   据彭博社报道,丰田汽车工会正式要求提高月薪的额度仅为3000日元,远比去年6000日元的增长额度保守。   野村因而判断,日本央行新推宽松的理由之一是鼓励企业加大涨薪力度。央行副行长中曾宏上周五(2月12日)称,央行正密切关注加薪谈判,工会方面的保守诉求可能另日本央行失望。   一些大型企业预计在3月16日(日本央行会议时间为3月14、15日两天)公布2016年涨薪方案,但工会方面的保守诉求暗示薪资谈判不可能给央行带来积极正面的惊喜。因此,野村认为,日本央行可能决定继续推出宽松措施,直到薪资谈判结果明朗化。   最近经济数据疲弱,市场表现动荡,日本当局作出相应政策回应的可能性也不断提升,包括进一步延迟增加消费税。   中期来看,通过遏制日元升值,安倍经济学可能重新奏效。不过,短期来看,我们仍旧预期政府不会干预汇市,但我们认为日本央行会在3月份的例会上有所行动。   未来一段时间,影响日元走势的更多是来自外部因素。3月份第一周,美国有重要经济数据发布,3月末的G20会议将是近期影响日元走势的焦点。 进入【新浪财经股吧】讨论相关的主题文章:

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