Aide to Japan PM says BoJ easing in May possible

FXStreet (Bali) - According to Etsuro Honda, aide to Japan's Primer Minister Abe, the decision by the BOJ for further stimulus may occur in May, which is just one month after the sales tax hike implementation. BoJ members are currently giving themselves some room to assess the impact the tax may have on consumer spending.

Mar 26, 2014

EUR/JPY at the top of recent range

EUR/JPY has levelled out at 141.30/40 post the rally from slightly below the 141 handle overnight.

RBA Financial Stability Review: Deleveraging has run its course

According to the RBA Financial Stability Review, just released, the RBA sees deleveraging having run its course, adding that financial conditions for business have improved, with total mortgage buffers equal to around 24 months of payments at current interest rates. The RBA also said that many households are still paying down mortgages more quickly than required