According to the latest survey conducted by Bloomberg after the BOJ meeting, most respondents assume that the central bank is not going to change the key interest rate in the near future. The analysts say that the Bank of Japan will postpone its stimulation program till the December parliamentary election is over.
During the latest meeting conducted on October 30th, the Bank of Japan decided to increase the bond purchase plan by ¥11 trillion. At the same time, the bankers started a new lending program for financial institutions.
The central bank is expected to conduct another meeting on December 19-20th.
The chart below, courtesy of , reflects the current state of affairs in the market of USDJPY:
