The BoJ must make a new commitment to meet its 2 percent inflation target because achieving that goal by around next spring will be difficult.» Read More
The yen has been rallying since the Bank of Japan announced stimulus plans that fell short of investor hopes, but this expert doubts it can last.
Contrary to expectations, the BOJ's boldest steps yet to boost a flagging economy have triggered a swift change in course for a falling yen.
Masayuki Kichikawa, Managing Director & Chief Japan Economist at Bank of America Merrill Lynch discusses the steps that the BOJ will undertake to meet its 2% inflation target.
After pressuring Japan's central bank into overhauling monetary policy, Prime Minister Shinzo Abe declared the change "epoch making". Next on his to-do list: find a central bank chief more sympathetic to his views than the current governor.
Jack Bouroudjian, CEO, Bull and Bear Partners says he likes the BOJ's decision to have a 2% inflation target and says the Fed should do the same. He is confident the BOJ's latest moves will pull Japan out of its economic malaise.
The Bank of Japan is doubling its inflation target to 2 percent, and will begin the program in 2014, with CNBC's David Faber.
The Bank of Japan's long awaited stimulus plan falls short and the euro rides on fact and fear - it's time for your FX Fix.
Ed Rogers, CEO of Rogers Investment Advisors, tells CNBC that Tuesday marks a true inflection point as the Bank of Japan, together with Japanese leadership, begins the process of re-inflating their economy.
The Bank of Japan (BOJ) entered a new era on Tuesday, unveiling an aggressive monetary policy aimed at pushing Japan's economy out of a slump. But the question is whether the central bank, with a reputation of being cautious, can now deliver?
Further weakness in the yen, trading near its lowest level in more than two years against the dollar, is unlikely given the currency's recent and rapid decline, said former top currency official in Japan Professor Eisuke Sakakibara, adding that a dollar/yen rate around 90 'sufficient' for Japan's manufacturers to reap the benefits of a weakened currency.
Stuart Oakley, Managing Director, Asian Currency Trading at Nomura analyses the BOJ's latest announcement as it breaks in real time.
Eisuke Sakakibara, Former Vice Finance Minister of Japan, and Professor at Aoyama Gakuin University says the yen is not likely to depreciate further. He explains why.
Jesper Koll, MD & Head of Japanese Equity Research, JPMorgan Securities Japan says there needs to be broad co-ordination if Japan wants to get out of its economic funk. He adds that the 2% inflation target is a good indicator to have.
Andrew Freris, Chief Investment Advisor for Asia, BNP Paribas Wealth Management discusses the situation that Japan's economy is in. He adds that Japan may adopt similar measures as the EU.
Vasu Menon, Vice President, Wealth Management Singapore, OCBC Bank says monetary stimulus won't lead Japan out of the woods. He is cautious about investing in Japanese markets.
Daryl Guppy, CEO, Guppytraders.com charts the euro, which he sees hitting $1.40 over the next quarter. Shane Oliver, Head of Investment Strategy and Chief Economist, AMP Capital Investors says central banks are moving in the right direction with increased quantitative easing.
Shane Oliver, Head of Investment Strategy and Chief Economist, AMP Capital Investors thinks the BOJ will adopt a 2% inflation target and introduce quantitative easing. He says the yen will continue to fall 10-20%, while the Nikkei will outperform this year.
Traders backed off short yen positions ahead of a key Bank of Japan meeting, and Iceland's finance minister looks at the euro zone and wants in.
Geoff Lewis, Global Market Strategist at J.P. Morgan Asset Management says the Bank of Japan will not formally adopt the 2% inflation target. Instead, they will do enough to convince the markets that more aggressive monetary policy is on the way, including adopting the inflation target eventually.
Nizam Idris, MD & Head of Strategy, Fixed Income & Currencies at Macquarie explains why a rate cut is necessary for the BoJ and the RBA.