Home > article, japan, news > Bloomberg: BOJ Said to Consider Raising Japan Economy Assessment (Update1)

Bloomberg: BOJ Said to Consider Raising Japan Economy Assessment (Update1)

April 2 (Bloomberg)

Bank of Japan policy makers will consider raising their economic assessment next week after mounting evidence that the export-led recovery exceeds their expectations, three people familiar with the matter said.

The board may stop saying the expansion will “remain moderate” in coming months at the April 6-7 meeting because demand from emerging markets is spurring exports and production, according to one of the people, who spoke on condition of anonymity. The central bank’s Tankan survey yesterday showed big manufacturers became the least pessimistic since 2008.

Signs of a sustained recovery may be enough for Governor Masaaki Shirakawa to put off any decision to increase the central bank’s liquidity injections until the following policy meeting at month-end. Board members remain open to adding more cash because of the nation’s persistent deflation, according to the people.

“Robust demand from overseas, especially from China, is driving Japan and the benefit is gradually spreading to households,” said Takehiro Sato, chief Japan economist at Morgan Stanley in Tokyo. “There won’t be any change to rates and other credit policy next week,” he said, adding that he anticipates the BOJ will raise its assessment.


After a decade long of slumber, will Japan wake up? Few weeks ago, I see a lot of good news about Japan in particular. Japan finally seems to be waking up. But with the Yen gaining strength, export might be affected. However, with USD strengthening, it might not be bad after all.

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