More important (than heightened expectations of a policy switch next week) is what sort of policy framework the BOJ can present for the post-quantitative easing era, and there doesn't seem to be a consensus yet on this among the board members.
More Quotes from Masaaki Kanno:
On major economic policies, the campaign has made clear that both parties share the same basic concepts of reform and small government.Masaaki Kanno
If the Bank of Japan keeps its 'quantitative easing' monetary policy unchanged this week, the market will think that it postponed the end of 'quantitative easing' because of mounting political pressure, forcing the market to pay more attention, in the future, to the politicians' comments rather than the message from the Bank of Japan.
Masaaki Kanno
Consumption is strong and wages are rising, so the CPI trend is improving. In six months, deflation will be over.
Masaaki Kanno
We think a decision to end quantitative easing and a new framework will have to come out together as a package.
Masaaki Kanno
Japan will maintain growth driven by demand at home, particularly by solid consumer spending, as the labor market is becoming tight, propping up wages and household incomes. Upward pressure on prices will intensify next fiscal year, when the employment situation will become much tighter.
Masaaki Kanno
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