‘Disappointing’ BOJ move may benefit PH

Emerging markets like the Philippines could take advantage of investors’ risk appetite whetted by the “disappointing” Bank of Japan (BOJ) economic stimulus package and the US freeze on interest rates. But they must be alert to deal with any policy divergence near term by these two major economies, central bank and private analysts said.

The Philippines must closely monitor in which direction the economic indicators would take the US Fed rates and “see how the Fed and BOJ may be diverging,” an analyst from the Bank of the Philippine Islands (BPI) said.