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While the case for soft landing gets stronger, Fed is in no hurry to cut rates
But any such withdrawal of stimulus will begin from 2021 at the earliest, the survey showed, a sign that monetary policy in Japan could be in a holding pattern for the time being.
The nominations, presented to parliament on Tuesday, suggest the Bank of Japan will maintain its massive stimulus but with an eye on concerns held by the country's banks that its policy of capping bond yields is hurting profits, some analysts say.
Chief Cabinet Secretary Yoshihide Suga told a news conference that Japan was conducting policy in line with G7 and G20 agreements. He added that there was no change to its stance that it would respond appropriately against "one-sided" currency moves.
According to the global financial services major, the declining trend in inflation is expected to continue as new crop streams into the market and CPI inflation could fall to under 4.5 percent in January-March 2017.
"Business sentiment for April showed that confidence fell for a second consecutive month, albeit marginally, as firms' financial position deteriorated," MNI India Business Sentiment Indicator report said.
Speaking to CNBC-TV18, Mann says that monetary easing by major central banks will help lift global sentiments. Europe, he says, is more likely to see more easing than the Bank of Japan.
India Inc stressed on the need for greater monetary easing atleast to the extent of 75 basis points and that the rupee must be allowed to depreciate to preserve domestic price competitiveness in global trade
Tai Hui, MD and chief market strategist for Asia at JPMorgan AMC, says China still has room for monetary easing and interest rate cut. Over a tactical short-term, China looks better positioned, he adds.
The dismal fourth quarter earnings notwithstanding, Akash Singhania, Head-Equity, Deutsche Asset Management India says on an annualised basis, corporate earnings are likely to grow in double digits for FY16 as well as the subsequent two to three years.
Prime Minister Shinzo Abe's monetary easing and budget spending seem to have helped. Nation needs to work on fiscal reform in the medium and long term even as it pursues aggressive stimulus steps to support the recovery and to help beat deflation
The RBA said that there was scope for further monetary easing although policy was appropriate for now. In a sign that the recent fall in the Aussie dollar may not be a barrier to further cuts, the RBA said the currency remained high despite its recent depreciation.
RBI will be more dovish given the seminal fall in commodity prices. All respondents in yesterday‘s poll expected a repo cut and 40 percent expect a CRR cut.
Hedge fund and derivative investors are taking on more risk as aggressive monetary easing and an improving economy boost demand for higher-yielding securities, a Federal Reserve survey showed on Thursday.
Hopeful on the RBI monetary policy expected in mid-March, PN Vijay of askpnvijay.com believes the central bank now has a lot to chew on.
The RBI said a sustained commitment to contain fiscal and current account deficits was needed to create room for monetary easing, a day before it is widely expected to cut interest rates for the first time since April.
Forget a weakening economy and the prospect of further monetary easing. Here's what will keep the Aussie dollar robust in the months ahead - a rebound in commodity prices and even lower interest rates among the world's big economies.
Strong bond demand and low supply in the current quarter coupled with expectations of monetary easing by the central bank in January are leading to rally in Indian bond market, Vivek Rajpal, rates strategist, Nomura India said in an interview to CNBC-TV18.
Expectations for aggressive monetary easing by the Bank of Japan (BOJ) are driving the yen lower, but economists rule out such policy action when the central bank concludes a two-day policy meeting on Tuesday.
Yield on the most liquid 10-year benchmark government bonds is likely to soften further in the next quarter due to a possible monetary easing by the central bank, says an expert.
Japan's Nikkei average fell below 9,000 to a two-week closing low on Thursday on fading hopes of further monetary easing by the US Federal Reserve.
The U.S. economy fared slightly better than initially thought in the second quarter, but the pace of growth remained too slow to shut the door on further monetary easing from the Federal Reserve.
According to Varun Goel of Karvy Private Wealth, the future of the rally is dependent on further action by central banks, be it the US Fed, ECB or even the Reserve Bank of India.
Gold hovered near USD1,580 per ounce on Friday as investors clung to hopes for more monetary easing from the US central bank after weak data in the previous session, but a dollar rebound will likely cap gains.
Jurgen Michels, Managing Director, Lead Euro Area Economist and ECB Specialist at Citi said that the ECB offered some positive surprises by bringing down the deposit rate to zero. He believes, this could also pave the way for taking the rates further down, even moving into negative territory at some stage.
