BOJ said to discuss downgrading its views of output, exports
Bloomberg reports, citing people familiar with the matter
- BOJ board members likely to discuss possible downgrade of their assessments of industrial production, exports and overseas economies
The report is saying that they may do so at next week's policy meeting. The central bank currently describes output and exports as being 'on an increasing trend' while their take on overseas economies is that it is continuing 'to grow firmly on the whole'.
It wouldn't be that much of a shock but it builds into the narrative that the central bank may be growing to be more dovish, following in the footsteps of other central banks globally. Japan's trade balance data for January showed a marked fall in exports, which is likely to have exacerbated concerns here.