Flash: BoJ unlikely to ease further this year - UBS

FXstreet.com (Córdoba) - The Bank of Japan made no changes to its monetary policy this week, in line with market expectations.

"Despite declining inflation expectations, the central bank decided against further easing by placing more emphasis on recent strong economic data and the resilient stock market", says the UBS analyst team. "We think current inflation expectation is consistent with 2% inflation within 2 years. But it has become clear that BoJ will not ease further as long as USDJPY remains at around 100 and the stock market stays upbeat".