It'll come as no surprise it's the Bank of Japan!
Just a snippet I noticed from HSBC:
- The BoJ is set to revise up its growth forecast and lower its inflation projections according to a report by Nikkei. The suggestion is far from ground breaking given Japan's recent run of better than expected activity data and notable absence of inflation pressures. Of course other central banks are also seeing this pattern of good growth but subdued inflation, but where they are inclined to look through the inflation numbers and normalise policy, the BoJ looks set to persist with its accommodative stance and tone for some time yet.
I bolded the bit about looking through subdued inflation, just for emphasis.
I also like HSBC saying ... The BoJ is set to revise up its growth forecast and lower its inflation projections according to a report by Nikkei. The suggestion is far from ground breaking
I posted on the Nikkei report yesterday, here, and I put the suggestion is far from ground breaking
just a little differently ...
Judging by what I've seen about the place there are plenty of people either not paying attention or who are wilfully (or otherwise) clueless
Huh ... so, tact is not my strong point, I'm gonna have to pay attention & learn from polite people like HSBC ;-)
