A quick look at Dennis Gartman's comments on the Bank of Japan meeting due Monday and Tuesday July 30 and 31 2018:
- There is continued debate regarding the Bank of Japan and its continued willingness to hold to its QE experiment, for earlier this week it was reported that some within the Bank are considering at least reducing the size of the Bank's material monthly injections of reserves into the system, while there are reports that others are actually considering ending the experiment entirely. Doing either would be ill-advised at this point, in our opinion, for there is still no inflation of consequence in Japan and there are still evidences of deflation instead.
I expect no change in policy at the meeting. DG and I on the same side on this one!
