Central Banks
Bank of Japan
Stefan Scheurer of Allianz Global Investors weighs in on the state of Japan's economy and the Bank of Japan ahead of the lower house election on Oct. 22.
The Allianz chief economic advisor says investors have been "conditioned" to believe that central banks will always have their backs.
The Australian market advanced on Monday, with major banks seeing sharp rise in share prices.
Japanese Prime Minister Shinzo Abe wants to impose some fiscal discipline, putting him on the higher tax side in the Oct. 22 election, says Jesper Koll, CEO, WisdomTree.
However, Japan's price and wage growth remained weak and Abe's decision to call a snap election has also raised economic uncertainty.
Bank of Japan policymakers said they had reason to be optimistic about consumer prices, minutes of its July 19-20 meeting showed on Tuesday.
The Bank of Japan is likely to end its two-day rate review on Thursday with no change in monetary policy.
Marcel Thieliant, senior Japan economist, Capital Economics, said if PM Shinzo Abe calls a snap election this year, implementation of a sales tax next year would be easier if his party does well.
Izumi Devalier, head of Japan Economics, Bank of America Merrill Lynch, says new Bank of Japan board member Goushi Kataoka's dissent could open discussion about the inflation target.
What BOJ Governor Kuroda says during his press conference about QE policies could be of greater importance than the central bank's announcement, says John Gorman of Nomura Securities.
The Bank of Japan has a neutral stance when it comes to politics although it's possible a new regime might not re-appoint BOJ Governor Kuroda, says Eisuke Sakakibara, professor at Aoyama Gakuin University.
Asian shares closed mostly unchanged as investors awaited monetary policy clues from the U.S. Federal Reserve.
Consistent GDP growth in Japan shows Abenomics is lifting the economy, says Nobuyuki Hirano, group CEO of Mitsubishi UFJ Financial Group.
Analysts still expect steady growth in the world's third-largest economy as exports grow and a tight labor market aids wage growth.
Norway is considering new proposals for its sovereign wealth fund that could hit Japan and a whole range of other countries.
Kotaro Tamura, Asia fellow, Milken Institute says recent data points to an upswing in the Japanese economy, but says demographics weigh on the long-term view for policymakers.
Andrew Freris, CEO, Ecognosis Advisory says central bankers at Jackson Hole dodged the tough questions on inflation and asset balances.
Investors are also awaiting European Central Bank President Mario Draghi later in the day, in case he provides any new steer on monetary policy.
Central banks globally have spent years fruitlessly trying to awaken long-dormant inflation, and some analysts say it’s time to stop trying.
Japan's core consumer prices rose 0.5 percent in July from a year earlier to mark a seventh straight gaining month.
