The Bank of Japan doesn't want to exacerbate yen weakness and so is restrained in its ability to implement further quantitative easing, according to Brendan Brown, head of economic research at Mitsubishi UFJ Securities International. "I don't think they're going to be seen wanting to take any sort of provocative step," he said in an interview on Bloomberg Television's "Countdown" with Mark Barton, Manus Cranny and Anna Edwards.
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Commuters drive past a billboard bearing pictures of Masoud Pezeshkian, Mohammad Bagheri, and Benjamin Netanyahu in Tehran on October 27, 2024. (Atta Kenare via Getty Images)