Some preview comments on the BOJ meeting from Bank of America / Merrill Lynch:

  • They expect no change in policy from the BOJ today
  • However, their view is the October 30 meeting is "a closer call" ....that one is "dependent on data and market trends". At the October 30 meeting the BOJ will have revised their economic and inflation forecasts
  • The BOJ will wait because "we do not think current share prices and the yen exchange rate have reached levels that require urgent monetary easing"
  • Say that expectations for easing will remain after today

-

More on the BOJ today ...