The Japanese economy shrank in the third quarter — the first time since last year — prodding the world’s third biggest economy into recession and prompting its central bank to announce that it will continue “powerful monetary easing” to boost growth.
Seijiro Takeshita, director at Mizuho International, tells CNBC that the Bank of Japan wants to appear on track but the market perception is that they are falling behind and wanted stronger measures.
Callum Henderson, Global Head of FX Research at Standard Chartered, says the BOJ's asset purchase plan should only be the start of its monetary intervention policy.
Richard Jerram, Chief Economist, Bank of Singapore says the Bank of Japan will probably only inject a 'token' amount of liquidity at its policy meeting. He feels a new leader with a more aggressive approach is needed.
The Bank of Japan is tipped to ease monetary policy on Tuesday by expanding its asset-purchase program for a second straight month and analysts reckon it won’t be the last time either as the central bank ramps up its efforts to prop up a weak economy.
Tom Averill, Managing Director at Rochford Capital suggests selling the EUR/USD above 1.31 on a bearish outlook for the euro zone as Spain and Greece are likely to face more troubles ahead.
Thio Chin Loo, Senior Currency Strategist at BNP Paribas, says the BOJ looks set to ease at its Oct 30 meeting and suggests other Asian central banks could follow suit.
Jesper Koll, MD & Head of Japanese Equity Research, JPMorgan Securities Japan says that Tokyo's Island spat with Beijing is turbo-charging the downturn in trade between the two countries.
Asian economies, which powered the global recovery following the 2008 financial crisis, are unlikely to pull the world out of its current slump, given the inadequate response from policymakers in the region, analysts told CNBC.
A territorial dispute with China, which has disrupted Japanese firms operating on the mainland and hurt exports, is expected to deal a significant blow to Japan’s economy, which is already losing its momentum and could contract in the fourth quarter, JPMorgan said
Martin Schulz, Senior Economist, Fujitsu Research Institute explains why he thinks the Bank of Japan is the only institution that can take action to boost the economy amid the current slump in Japan.