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BOJ policymakers to gather for rate review

Jan. 19, 2015 2:03 AM ETEWJ, DFJ, DXJ, JSC, JPP, EWV, SCJ, EZJ, DBJP, FJP, NKY-OLD, JPNL, DXJS, HEWJ, DXJF, DXJR, DXJC, DXJH, DXJT, JPMV, QJPN, JPXNBy: Yoel Minkoff, SA News Editor
  • As slumping oil prices keep inflation further away from their 2% target, Bank of Japan policymakers will gather for a rate review this week, to determine if they can hold off on expanding stimulus.
  • Back in October, the BOJ justified its unexpected expansion of quantitative and qualitative easing as aimed at preventing oil price falls, and a subsequent slowdown in price rises, from weighing on inflation expectations.
  • "By tying its October action to oil moves, the BOJ fell into its own trap," said Izuru Kato, chief economist at Totan Research. "Cheap oil benefits a huge importer like Japan. It's only a problem for the BOJ."
  • ETFs: DXJ, EWJ, DFJ, NKY, DBJP, EZJ, EWV, JPNL, DXJS, SCJ, JSC, ITF, JPP, HEWJ, FJP, QJPN, JPMV, DXJT, DXJR, DXJH, DXJC, DXJF

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