PIMCO call further PBOC rate cuts - a further 50bp in cuts and 150 from RRR

Comments from PIMCO crossing the Bloomberg on more to come from the People’s Bank of China.

On China:

• Sees PBOC cutting rates by a further 50bp
• Sees cutting RRR by at least 150 bp
• China growth of between 5.5 and 6.5% this year

PIMCO also on Japan:

• Sees Japanese growth picking up modestly in 2016, towards 1%
• Says Bank of Japan to maintain very aggressive QE