This is definitely a change in the Bank of Japan's stance so it will have a psychological impact and keep the yen soft.
More Quotes from Rob Hayward:
It's tricky for the European Central Bank. In places like Spain and Ireland, interest rates are clearly too low, but the ECB has to set rates for the region as a whole.Rob Hayward
The survey seems to be a little bit worse than people had anticipated. It does show that the manufacturing sector is struggling under the weight of the strong pound. It shows a squeeze on profit margins. It will raise a little bit of doubt about whether the Bank of England will have the courage to raise interest rates next week.
Rob Hayward
How does this square with the government's alcohol policy, which is supposedly trying to encourage more food in pubs.
Rob Hayward
Readers Who Like This Quotation Also Like:
Based on Topics: Change QuotesTo my way of thinking, an actor's course is set even before he's out of the cradle.
James Dean
I would rather read a poorly structured story that has fresh ideas than a tightly structured one with cliches.
Douglas Wood
Cynicism is the humour of hatred.
Herbert Beerbohm