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9 Apr 2013
Forex Flash: Expect an export led Japanese recovery - Nomura
FXstreet.com (Barcelona) - Nomura economists are expecting an export recovery, driven by China´s economic recovery to deliver positive growth in Q1 2013.
They believe that the recovery should stimulate domestic demand and ensure the overall economy is in a stable growth phase in 2013. They write, “We expect the BOJ to leave policy as is for a prolonged period bar an economic slowdown or rapid shifts in financial markets. The main risks are yen appreciation, a worsening European debt problem and the US and China slowing.”
They believe that the recovery should stimulate domestic demand and ensure the overall economy is in a stable growth phase in 2013. They write, “We expect the BOJ to leave policy as is for a prolonged period bar an economic slowdown or rapid shifts in financial markets. The main risks are yen appreciation, a worsening European debt problem and the US and China slowing.”