• The joint statement is likely to be issued on Tuesday
  • Likely to mention 2pct target
  • Progress on achieving 2pct inflation target will be ongoing dicussed at CEFP
  • No decision on timeframe for achieving 2pct inflation target
  • No decision yet made on whether to add BOJ employment mandate
  • Wants BOJ to embark on bolder monetary easing – specific steps are up to BOJ