KONTAN.CO.ID - TOKYO. The Bank of Japan is widely expected to keep its ultra-loose monetary policy unchanged on Thursday but signal its readiness to ramp up stimulus if global risks threaten the country's economic expansion, nodding to the widening fallout from the U.S.-China trade war. The BOJ is under pressure to respond to growing risks to Japan's recovery, as a darkening global economic outlook pushes the U.S. Federal Reserve and the European Central Bank to drop hints of further monetary easing. The Fed kept interest rates steady on Wednesday but said it was ready to battle risks by cutting rates beginning as early as next month, reinforcing expectations that major central banks have now shifted full gear toward topping up - not whittling down - their crisis-mode policies.
BOJ seen holding fire, Kuroda may offer dovish signal post-Fed
KONTAN.CO.ID - TOKYO. The Bank of Japan is widely expected to keep its ultra-loose monetary policy unchanged on Thursday but signal its readiness to ramp up stimulus if global risks threaten the country's economic expansion, nodding to the widening fallout from the U.S.-China trade war. The BOJ is under pressure to respond to growing risks to Japan's recovery, as a darkening global economic outlook pushes the U.S. Federal Reserve and the European Central Bank to drop hints of further monetary easing. The Fed kept interest rates steady on Wednesday but said it was ready to battle risks by cutting rates beginning as early as next month, reinforcing expectations that major central banks have now shifted full gear toward topping up - not whittling down - their crisis-mode policies.