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Why the BoJ won’t act strongly in September: Moltke-Leth
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Christoffer Moltke-Leth, director of Global Sales Trading at Saxo Capital Markets Singapore, previews the Bank of Japan’s next move following publication of unexpectedly good GDP figures.
The Bank of Japan is running out of options, he says, but the promising GDP figures for modest Q2 growth will relieve some immediate pressure on the central bank.
He thinks the BoJ will delay using ‘helicopter money’, directly underwriting the budget deficit, to combat deflation.