Artificial Intelligence Sees Kuroda’s BOJ on Hold This Week

The machines are beating man at forecasting the Bank of Japan. As analysts try to decide if the BOJ will follow the European Central Bank in pursuing even more monetary stimulus, those at Credit Suisse Group AG and Nomura Securities Co. are turning to artificial intelligence for assistance. Both banks introduced computer algorithms at the end of last year to analyze the mountains of text produced by the central bank in the hope of gleaning insights into the direction of policy. Even though most economists surveyed didn’t see the bank adding stimulus in October 2014, Credit Suisse’s says that their index pointed to a “high chance” of additional easing, and Nomura’s analysis shows that sentiment in the bank’s statements was falling before that decision. They also got the direction of policy…

Link to Full Article: Artificial Intelligence Sees Kuroda’s BOJ on Hold This Week

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