Snippet via Deutsche Bank on what to expect from the Bank of Japan later this week. DB doesn’t expect changes to the current policy.
- Given there won’t be an Outlook Report, … (see the BOJ ) as
likely continuing to focus on downside inflation risks but emphasises
that inflation and currency are among key catalysts for a policy change
DB have “significantly” increased its inflation forecast for Japan. I posted earlier on Nomura with the same:
ps. The BOJ statement is due on Friday. Earlier previews
- Bank of Japan to remain on hold at its meeting this week – preview
- 3 reasons the Bank of Japan is expected to keep policy unchanged at this week’s meeting
Bank of Japan Governor Ueda has been moving only very slowly.