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BOJ will offer brighter view of economy
At its next rate review the Bank of Japan is supposed to offer a more positive view of the Japanese economy than it did the previous month, as sources familiar with the matter told, as strong exports along with factory output back revival in the world's number three economy.
However, the major bank will stress its resolve for the purpose of maintaining its massive monetary stimulus because the export-driven revival has yet to spur private consumption as well as inflation.
Some sources state that the Japanese economy is doing well enough, but it doesn’t generate higher prices, so inflation is still awfully low.
The previous month, the Bank of Japan told that Japan's economy is reviving modestly as a trend.
Japan’s major financial institution will probably offer a more optimistic view on exports as well as output than in March, when it told that they were picking up.
The BOJ is supposed to keep monetary settings intact at its two-day rate review, ending on April 27.
The US will release monthly consumer price index figures (CPI) for October at 15:30 MT time on November 14.
How to trade the key currency pair and what affected the currency market? Read today's news digest!
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