The Bank of Japan meet Thursday and Friday.
Adam posted this overnight: The market has a gun to the head of the Bank of Japan
Yep, the BOJ is in a hard place right now. A misstep and USD/JPY will be under 100.
Here's another take on what to expect, this time via Reuters.
- The Bank of Japan is leaning toward holding off
- But moves in the yen and political considerations could easily tilt the nine-member board in favor of expanding stimulus
- The policy decision too close to call, say sources familiar with the central bank's thinking
- "It will be a pretty close call. The BOJ may opt to save its options," said Izuru Kato, chief economist at Totan Research. "Even if it acts, it may do something minor to buy time."
The Reuters piece is here
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I posted earlier on what it is the BOJ might do if they do take action (and earlier from Nomura here)
