Economists See BOJ Pausing Next Week Before December Poll
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The Bank of Japan may hold off from adding to stimulus next week after it eased in September and October, as elections next month look set to increase pressure on it to do more to support an economy at risk of recession.
All 22 economists surveyed by Bloomberg News expect Governor Masaaki Shirakawa’s board to take no new action at a two-day meeting through Nov. 20. At its last meeting on Oct. 30, the BOJ increased asset purchases by 11 trillion yen ($136 billion), announced a new lending program and signed a joint statement with the government on ending deflation.