No additional easing expected by the BoJ – Danske Bank

FXStreet (Edinburgh) - Sverre Holbek, Senior Analyst at Danske Bank, expects the BoJ to refrain from further easing in the near term.

Key Quotes

“Little news in Bank of Japan minutes, poor foreign trade data”.

“The minutes released overnight provided further indication that the BoJ currently does not see a need for additional easing”.

“Nonetheless, the foreign trade data for May showed that Japan’s exports continue to perform poorly despite the substantial JPY depreciation since 2012”.