BoJ to cut rates by 20 bps to -0.30%, increase QE - JPMorgan

JP Morgan expects the BoJ to conduct 20 bps rate cut to -0.30% and increasing annual rise in monetary base to JPY 90tln on Sept 21st, Blooomberg reports. Plenty of speculation continues to surround the next BoJ meeting, with Japanese PM Abe Adviser Hamada recently stating that there is enough room for further monetary easing.