BSP AND PRIVATE ANALYSTS ON JAPAN’S STIMULUS MEASURES:‘Disappointing’ BOJ move may benefit PHEmerging markets like the Philippines could take advantage of investors’ risk appetite whetted by the “disappointing” Bank of Japan (BOJ) economic stimulus package and the US freeze on interest rates. “If this is effective in boosting Japan’s economy, then risk assets such as emerging markets (including the Philippines) should benefit,” he added. While there was massive fiscal stimulus announced by the Japanese government, there was relative modesty in monetary stimulus based on market perception,” Bangko Sentral ng Pilipinas Deputy Governor Diwa Guinigundo said in a text message. Sharing this view, an economist from ING Bank Manila said the Philippine should still benefit from the positive impact of the stimulus to the Japanese economy. The BOJ on Friday announced a higher exchange-traded fund purchases target of 6 trillion yen ($58 billion), as well as an increase in its dollar-lending program to $24 billion.

Source: Manila Times July 29, 2016 13:41 UTC