BOJ monetary policy statement due today - adding a preview
The Bank of Japan March 2019 policy statement is due today around 0230-330GMT
here is why the time is only an estimate:
And, here are the previews posted:
- Central banks move in packs and so expect another central bank to take a more dovish turn …. The Bank of Japan is likely to do so more in Governor Haruhiko Kuroda's press conference by jawboning policy flexibility and risks to the outlook much like Fed Chair Powell's approach, rather than the explicit addition of more stimulus by the ECB this past week.
- The door is opening toward prospects for additional stimulus across the public debate among current and former BoJ officials. Bank of Japan board member Yutaka Harada recently called for additional stimulus if the central bank becomes more convinced that downside risks to growth threaten further weakening and to do so "without delay."
- Harada was joined by former Deputy Governor Hirohide Yamaguchi who said this past week that "The BoJ will likely have to ponder additional easing at some point" but that "It will act only when the economy is hit by a severe downturn, and when the momentum for hitting its price target is broken.
Kuroda's press conference follows at 0630GMT