Economics
The Heat Is On for Japan's Central Bank to Act
- Pressure to act is the most since Kuroda’s debut, survey shows
- Outsize expectations for action make it tougher to surprise
Will BOJ Expand Stimulus as Expected?
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The policy decision by the Bank of Japan Friday is turning into one of the most closely watched economic events of the year in Japan, with Governor Haruhiko Kuroda facing intense expectations to deliver more monetary stimulus.
In fact, Kuroda and the BOJ board hasn’t faced such pressure to act since his first meeting as governor in 2013. Thirty-two of 41 analysts in a Bloomberg survey forecast that the board will expand its record stimulus program at the meeting that ends Friday -- the highest percentage of respondents in the poll in more than three years.