Market Talk – July 28, 2016

by Martin Armstrong
Armstrong Economics

As we enter the BOJ meeting, messages are very mixed. Many are hoping the package exceeds expectation JPY 28tln ($266bn) whilst others, anxious the BOJ may shoot too soon, possibly more easing at a time when they feel it will not work; so Asia could be interesting tomorrow. Today the Nikkei lost some of yesterday’s gains ahead of this evening meet. Shanghai and Hang Seng were little changed today but the rumours continue that China Banking Regulatory Commission is considering restrictions on “risky” wealth management products – details a little sketchy so far!

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