The Traderszone Network

Published in TZ Latest News 29 October, 2015 by The TZ Newswire Staff

Bank Of Japan Disappoints The World – Leaves Monetary Policy Unchanged

The last time The BoJ increased QQE it was a close vote (just 5 to 4) as The Fed ended QE3 and with 16 of the 36 ‘qualified’ economists forecasting additional easing tonight, uncertainty was high going in with USDJPY and NKY drifting lower (and JGB yields rising) as recent data suggests Japan will escape a technical recession (even as household spending slides ever lower) buying Kuroda time (before unleashing his own bazooka). Then, just 25 minutes late, Kuroda unleashed… nothing:

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