More Questions than Answers…

Economic Research	1 November 2016
JAPAN
Economic Highlights
More Questions than Answers… The Bank of Japan (BoJ), broadly consistent with Governor Kuroda’s rhetoric at the Lower House meeting recently, maintained the “Quantitative and Qualitative Monetary Easing with Yield Curve Control” (QQEYCC) policy stance at the conclusion of its two-day meeting. Arguably, the BoJ might simply be buying time and gauging the extent of the fiscal thrust on the economy prior to deciding on subsequent policy steps. Economist:  Thomas Lam  | +65 6533 0389
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