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21 Dec 2015
After BoJ, plethora of domestic data releases to focus on - RBS
FXStreet (Delhi) – Brian Daingerfield, FX Trading Strategist at RBS, notes that the Bank of Japan made small changes to its overall asset purchase program at its December meeting.
Key Quotes
“But Governor Kuroda stressed that the new measures did not constitute new easing, and the lack of unanimity in the vote to extend merely the maturity of its JGB purchases speaks to the clear split within the BoJ about the willingness to even make small adjustments to the existing program.”
“A plethora of domestic data is released in Japan over the final weeks of the year, including December inflation readings. The government’s measures of headline and core inflation and the BoJ’s own estimate of core inflation, which is running several tenths above the government measure, are released this week. BoJ Governor Kuroda is due to speak in Tokyo the evening of December 23rd (December 24th local time). On December 27th, November preliminary industrial production and retail trade are also released in Japan.”
Key Quotes
“But Governor Kuroda stressed that the new measures did not constitute new easing, and the lack of unanimity in the vote to extend merely the maturity of its JGB purchases speaks to the clear split within the BoJ about the willingness to even make small adjustments to the existing program.”
“A plethora of domestic data is released in Japan over the final weeks of the year, including December inflation readings. The government’s measures of headline and core inflation and the BoJ’s own estimate of core inflation, which is running several tenths above the government measure, are released this week. BoJ Governor Kuroda is due to speak in Tokyo the evening of December 23rd (December 24th local time). On December 27th, November preliminary industrial production and retail trade are also released in Japan.”