His concern is that low unemployment means Britain's economy has little spare capacity and, accordingly, faces upward inflation pressure. The European Central Bank is cutting back on its bond buying, albeit gently. Consumers too are wary as, while Britain's economy has by no means not gone over a cliff, it has had some wobbles. The biggest issue among economists with regard to the BoJ is whether it should reveal its plans to exit its ultra-loose monetary policy. "We are anticipating few major changes in monetary policy," Katsunori Kitakura, lead strategist at SuMi TRUST, wrote in a note.

Source: New York Times October 27, 2017 12:45 UTC