A preview of the BOJ monetary policy meeting September 19 – today!

Author: Eamonn Sheridan | Category: Central Banks

The Bank of Japan statement will be today, although there is no specific time scheduled for it

What is scheduled is Kuroda's new conference time, that will be at 0630GMT

I posted some previews already:

Adding this now, comes via

Macquarie: 

  • We expect BoJ policy settings to remain entirely unchanged, including the width of the 10-year JGB trading band. 
  • Journalists could question Governor Kuroda about the likelihood of further band widening around the 10-year point over time. But if so, he is likely to be non-committal and we do not expect any market reaction.

TD: 

  • After the July tweak in policy the BoJ has shown little inclination towards further changes. Inflation is edging higher though still a considerable way off the 2% target. As such we think this meeting will be uneventful. 
  • However, we think the BOJ could introduce additional flexibility as soon as Q1-2019 insofar as the output gap continues to remain decisively positive.

 
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