The mission is clear, but it's certainly not easy.
Whoever becomes the next governor of the Bank of Japan will be expected to make full use of the central bank's tools to reflate the Japanese economy, while avoiding accusations that it is igniting a currency war by deliberately depressing the yen.
Further aggressive easing of monetary policy in the world's third largest economy looks all but assured -- thanks to the early departure of the bank's current governor and a new prime minister with a strong mandate for bold action to stimulate growth.
Prime Minister Shinzo Abe is expected to name candidates for governor early next month, after Masaaki Shirakawa announced he would stand down on March 19, several weeks before his term was due to end.
- 1RBA Holds Rates, Omits Reference to Need for Currency Drop
- 1ISM and Manufacturing PMI leak for July
- 1Gold prices will plunge to 350 dollar an ounce
- 1Fed Says Labor Market Improves as It Moves Toward Rate Rise
- 1Fed sees improving economy, jobs; September hike in view but not set
- 1Federal Reserve issues FOMC statement
- 1ECB monetary policy decisions
- 1Crude Oil Falls Most in a Week
- 1Greek 'No' effect on Stocks and Forex market
- 1Jobs Report Disappoints, Participation Rate Falls to Lowest Since 1977
Follow ForexSQ on Social Networks
adp apple asia stocks asian stocks australian dollar bank of england bank of japan bernanke best forex news boe boj bonds canadian dollar china china economy crude oil currencies currency currency news currency trading dollar dollar index dow dow jones draghi ecb economy economy news egypt eur eur/usd euro euro crisis euro zone europe stocks european central bank european stock markets european stocks eurozone eurusd facebook fed federal reserve fomc forex forex news forex trading forex trading news franc fx fx news gbp/usd germany gold gold price google greece grexit imf iphone japan jpmorgan merkel nasdaq nfp obama oil oil price oil prices opec payrolls pound price of oil putin ruble russia s&p 500 spain stock stock futures stock market stocks swiss franc u.s dollar u.s. dollar u.s. economy u.s. stock u.s. stock futures u.s. stocks ukraine unemployment rate us dollar us economy us stocks usd usd/jpy wall street yellen yen yuan
“Yes, Dollar is stable and fix and it is useful for...”
“there is no gold savior anymore...”
“i think us stocks has bubble these days...”
“Federal Reserve want to have more control on banks...”
“actually forex traders know more about ite...”
“i know grexit will destroy euro 1finally...”
“most of forex traders shocked by euro falling...”
“oil prices will fall down more...”
“unexpectedly good nfp news for US dollar...”
“swiss national bank destroyed the forex market by its false decision...”