Goldman Sachs expects the BoJ to push loose again in June-running man20130526

0 Comment

Goldman Sachs expects the Bank of Japan in June pushed easing – reporter Zhang Zhenhe investors currently on the Bank of Japan again in mid March easing is expected to continue to heat up, but the latest report released on the 18 day of the Goldman Sachs Group pointed out that the threshold on the central bank in March additional easing measures is very high, may have to wait until June to take action loose. Goldman Sachs believes that after negative interest rates in January 29th, the Japanese central bank further easing faces many obstacles. Compared with the continuous implementation of quantitative and qualitative easing (QQE) is different, the market worried that the negative interest rate policy if overweight will lead to a decline in deposit interest rates, thereby affecting the general public. So, at least so far, the market has tended to see it as a more or less unpopular policy. Although negative interest rates are good for the public, such as lowering mortgage rates, the public will focus primarily on their negative effects in the initial confusion. Goldman Sachs stressed that although the Japanese central bank and financial institutions currently exclude negative interest rates on deposits, but if the negative interest rates continue to expand in the future, the uncertainty of the results will cause great concern. Goldman Sachs analysts said it is difficult to predict the next step of the BoJ’s action, but it is expected that the Bank of Japan in June more relaxed probability. The Central Bank of Japan may take action when the real price trend begins to decline, in June or at a more appropriate time. Enter Sina Financial shares] discussion

高盛预计日本央行6月再推宽松政策   □本报记者 张枕河   投资者目前对日本央行3月中旬再次推行宽松政策的预期不断升温,但高盛集团在18日发布的最新报告中指出,日央行3月追加宽松措施的门槛很高,可能要等到6月份再采取宽松行动。   高盛认为,在1月29日采取负利率之后,日本央行进一步宽松面临许多障碍。与此前持续实施的量化与质化宽松(QQE)不同,市场担忧负利率政策如果加码将导致存款利率下降,进而影响到普通民众。因此至少到目前为止,市场一直倾向于将其视为一项或多或少不受欢迎的政策。尽管负利率对公众也有好处,比如降低抵押贷款利率,但在最初的困惑阶段,公众将会主要关注其负面效应。   高盛强调,尽管日本央行和金融机构目前排除对居民存款实施负利率,但如果未来负利率幅度不断扩大,其结果的不确定性将引发巨大担忧。高盛分析师表示,现在很难预测日本央行下一步的行动,但预计日本央行6月份宽松概率更大。日本央行可能会在实际物价趋势开始下降的时候采取行动,6月或是较为适当的时点。 进入【新浪财经股吧】讨论相关的主题文章: