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of this year and the pair is likely to see a down ward trend toward next year. EFTA_R1_01598115 EFTA0
the Bank revised down GDP and inflation outlook and pushed out the timeline of achieving 2% inflation target. • The details of Outlook Report and Kuroda's comments at the press conference were rather downbeat. The Bois policy does not appear preemptive any more. " We now believe that the BoJ will e
f this year and the pair is likely to see a down ward=trend toward next year. * • Given that we pushed
believe that the BoJ will eas= in November 2016, when the BoJ is expected to push out the time line agai=, although earlier easing is possible. • • Kuroda remained confident that there=the Bol has plenty of tools for additional easing, including an increase i= JGB purchases. <Forei=n Exchange> * * We
f this year and the pair is likely to see a down ward trend toward next year. • Given that we pushed
the Bank revised down GDP and inflation outlook and pushed out the timeline of achieving 2% inflation target. • The details of Outlook Report and Kuroda's comments at the press conference were rather downbeat. The BoJ's policy does not appear preemptive any more. • We now believe that the BoJ will
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