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Meeting Minutes Show Bank of Japan Considering More Easing

Posted by Scott Boyd at 9:41 am UTC, 10/13/2011

Minutes of the September 6-7 Bank of Japan meeting show that several board members believe more monetary easing could be necessary. There is a growing worry that should the global economy continue to deteriorate, Japan’s economy will suffer due to weaker export sales.

Filed under: Forex Round Up, JPY

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May
24
Today’s Global
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8:30am
CAD
Corporate Profits q/q
9.0%
USD
Core Durable Goods Orders m/m
1.1% vs. -0.8%
USD
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372K vs. 370K
USD
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0.5% vs. -4.0%
9:00am
EUR
ECB President Draghi Speaks
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Belgium NBB Business Climate
-10.6 vs. -10.7
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77B vs. 61B
1:00pm
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FOMC Member Dudley Speaks
3:00pm
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Treasury Sec Geithner Speaks
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JPY
Tokyo Core CPI y/y
-0.5% vs. -0.5%
JPY
National Core CPI y/y
0.1% vs. 0.2%