RTRS Poll: BOJ seen easing policy on Wednesday

According to latest Reuters poll of economists conducted between Sept 14-20, economists expect the BOJ to ease further tomorrow, although remain split over whether the BOJ's next move would be to cut its negative interest rate even deeper, or to ramp up or recalibrate its asset purchase program, or even do both.

Key Details via Reuters:

“Twenty-one of 31 economists in the poll said the BOJ would announce further easing on Wednesday, while six said the next move would be announced at the review on October 31-November 1. Four picked some time in 2017.”

“Asked what the BOJ might do next, two-thirds of those who forecast more stimulus being announced on Wednesday picked a further deepening of the minus 0.1 percent interest rate as a possibility.”

“But several of them said changes to the BOJ's stimulus program, such as buying more Japanese government bonds, adjusting the maturities of bonds eligible for purchase, boosting spending on commercial paper, corporate debt and exchange traded funds, were also likely.”

“Four respondents said the BOJ would only tweak details of its money-printing program and would leave rates unchanged.”