Expectations grow for a BoJ response to weakening data - Nomura

FXStreet (Bali) - There are strongly held expectations of a policy response from the government and the BoJ following weakening data in Japan, notes Nomra.

Key Quotes

"The substantial drop in 2014 Q2 (Apr–Jun) GDP, weak industrial output through July, sharp decline in consumer spending following the consumption tax hike, and sluggishness of the recovery in the wake of this decline have led to deep-seated concerns about the outlook for the Japanese economy. At the same time, however, there are also strongly held expectations of a policy response from the government and the Bank of Japan (BOJ)."