stimulus measures: Meanwhile, the BOJ is expected to keep its monetary policy unchanged at its two-day policy meeting from Monday, according to The Japan Times. Business sentiment among Japanese companies has broadly improved in response to a recovery in exports and the crude oil market, according to the BOJ's tankan quarterly survey for December released Wednesday. The BOJ may revise up its assessment as the country's exports and production are recovering thanks to the yen's weakness and stock price increases stemming from hopes for economic stimulus measures by U.S. President-elect Donald Trump, the sources said. Automobile exports to advanced economies are solid and some companies have started increasing the production of smartphone-related products, a senior BOJ official said. As in November, the BOJ is likely to say that the economy is on a moderate recovery trend. Against this backdrop, the BOJ is expected to discuss whether to revise up its economic assessment at the upcoming monetary policy meeting, the sources said.
(news.financializer.com). As
reported in the news.
Tagged under stimulus measures, exports topics.