Bank Of Japan Looking To Strengthen Position

Addressing risks to the global economy, the Bank of Japan is preparing to strengthen itself … While the debate continues in the U.S. and Europe on the roles of the Fed and the ECB, the BoJ is expected to announce new measures on 27th April, after its next meeting. The Vice-Governor and the Governor of the BoJ and have both confirmed for 24 hours to be ready to act, citing the latent risks of deflation in Japan, and the uncertainties surrounding the global economy, starting with the continuing crisis sovereign debt in the Euro …

The BoJ could announce such an increase in its share repurchase program of government bonds, currently set at 65,000 billion yen (614 bn), analysts said. The last intervention of the BoJ was in February, when it increased the amount of its programs of asset purchases.

Under the effect of these expectations easing, the price of yen fell slightly against the dollar this morning at 81.40 Y / $ (-0.16%). However, the Tokyo Stock Exchange remained insensitive to the new, the Nikkei is folding up 0.9% at the end of the session, dominated by great caution before a new bond issue Spanish scheduled for today Thursday …