Economists Bring Forward Forecasts for More BOJ Stimulus
- 42% expect Bank of Japan to move at Oct. 30 board meeting
- January is second-most popular pick for BOJ to adjust policy
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Economists brought forward forecasts for when the Bank of Japan may next increase stimulus after economic data that pointed to the risk of the economy falling back into recession.
With concern growing that the weak outlook is making it more difficult for Governor Haruhiko Kuroda to reach his 2 percent inflation target, 15 of 36 analysts now predict the central bank will boost its unprecedented asset-purchase program at a meeting on Oct. 30, according to a Bloomberg survey conducted from Sept. 29 to Oct. 2. This is up from 11 in a September survey.