Jul 8
Japan: BoJ slightly more positive on the economy
Bank of Japan (BoJ) as expected left its leading interest rate unchanged at 0.1% and did not see the need for further non-conventional easing. BoJ turned marginally more positive on the economy. However, the main message continues to be that the economy is bottoming out. The focus at the future monetary meetings will mainly be on changes in BoJ’s view of the economy. The next major change in outlook by the bank should be to regard the economy as expanding. However, this change is unlikely to
