Shoki Omori is Mizuho Securities Chief Global Desk Strategist, His experience both as an economist and as a financial professional, and his near fanatical focus on the Bank of Japan make him a perfect candidate to discuss what Governor Ueada is being driven by, and how he is likely to direct policy at today’s BOJ meeting, and in future deliberations this summer and fall. Omori expects a 500B yen cut in the BOJ’s bond purchases as it formalizes its QT, quantitative tightening now, And signals from Ueda that a July rate hike is on the table now,
Even more important, he sees Ueda, driven by his Keynsian perspective on the Japanese economy, being
to be reluctant to raise rates as demand remains weak, and wage growth slow,
Open the podcast and hear, see what Shoki sees now, and in the months ahead,
Omori: BOJ's Ueda to Take Dovish Tilt as Demand Remains Soft