Faced with evidence that the country will miss its target of 2% inflation this year, today (April 30) Bank of Japan Governor Kuroda said no further easing of monetary policy was needed.
Growth is falling; inflation forecasts are down, but the Bank of Japan seems likely to do nothing to increase asset purchases or stimulus
Thursday alone brings an OPEC meeting in Vienna and new inflation news (probably bad) from Japan. On Friday economists are forecasting another drop in EuroZone inflation that will put pressure on the European Central Bank head of next week’s meeting
Following hard on the heels of a surprise interest rate increase from the Banco Central do Brasil, which sparked a huge rally in Sao Paulo, today the Bank of Japan expanded its promise of purchases of Japanese Government Bonds to 80 trillion yen ($727 billion), an increase of 30 trillion yen. The Government Pension Fund will increase its allocation to stocks to 50%
