Monday , September 28 2020

BOJ may downgrade factory-output assessment

Bloomberg

The Bank of Japan (BOJ) will consider downgrading its assessment on factory output at its rate review this month from its view in October, Reuters reported, citing unidentified people.
October output was “weak,” with the key worry being the impact of sluggish automobile demand, Reuters cited one person with direct knowledge of the matter as saying. Two other unidentified people confirmed the view, according to the report.
The BOJ will meet for its rate review on December 18 and 19 and the nine-member board may offer a slightly bleaker view on factory output, including that output is weakening, the people said. The central bank will assess the upcoming economic data, such as the quarterly “tankan” business sentiment survey, to decide if an overall re-assessment of the economy is needed, the news agency reported.

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