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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The logo of Japan's largest steel manufacturer Nippon Steel corporation is seen in front of the company's head office in Tokyo on January 7, 2025. (David Marueil/ via Getty Images)