BOJ Meeting – What can we expect ? Another surprise from Kuroda ?

Bank of Japan started a two-day policy meeting, yesterday saw the yen strengthening and Nikkei fall. This morning we have the smell of optimism in the air .

Looking at this the market wants another Kuroda magic , or an intention of more stimulus . Could be a very interesting days ahead .Jitters over the recent volatility in bond markets, hoping it can prevent a renewed spike in yields by fine-tuning market operations.

I can see Kuruda increasing REITS purchases and that will have a huge impact on Japanese property, I can see the mortgage rates increasing ,so my view fix it know !

The economy is in such a better state since Abenomics started and Kuroda surprised the market , does Japan need more stimulus ? It’s like asking a child would you like more ice cream ! The market wants more.

Lets lock and load and see what the end of the weeks have in stall for us

Lets lock and load

Tony Evans

http://uk.reuters.com/article/2013/05/21/uk-japan-economy-boj-idUKBRE94K18G20130521

What Bloomberg was talking about :

http://www.bloomberg.com/news/2013-05-22/asia-stocks-rise-before-bank-of-japan-ends-policy-meeting.html

Asian stocks rose, with the regional benchmark index trading at a five-year high, before the Bank of Japan concludes a two-day policy meeting. Trading on Hong Kong equity markets will be delayed due to a storm warning.
Sony Corp. (6758) surged 9.6 percent in Tokyo after Japan’s Nikkei newspaper reported the company’s board may discuss spinning off its entertainment division. Seven West Media Ltd. (SWM) sank 6.6 percent after KKR & Co. sold a stake in Australia’s most-watched television broadcaster.
The MSCI Asia Pacific Index advanced 0.5 percent to 144.82 as of 10:19 a.m. in Tokyo, before markets in China and Hong Kong opened. Nine of the 10 industry groups on the gauge climbed. The measure surged 11 percent this year through yesterday as U.S. economic data improved and the Japanese central bank took steps to counter deflation.
“It is a fairly big day ahead for the yen, with the BOJ set to hit the wires,” said Stan Shamu, a market strategist at IG Markets Ltd. in Melbourne, a trading services provider. “This is likely to be the key event in Asia today and will have an impact on the whole risk space. With no policy change expected, traders will be looking for comments regarding efforts to stabilize the bond market.”

20130522-094538.jpg

  1. No trackbacks yet.

You must be logged in to post a comment.
%d bloggers like this: