A quick preview of the Bank of Japan meeting this week from Bank of America Merrill Lynch.
BoA ML say the BOJ will
- "maintain its policy framework in terms of the scale of asset purchases and the maturities of the bonds it purchases"
They add:
- The bank will wait to see whether the fall in oil prices is temporarily impacting on inflation and if it leads to a decline in inflation expectations
- "Given inflation expectation remains stable, despite a significant slowdown of core CPI growth, we think the BOJ sees no urgency in considering additional easing at this time"
- And .... the meeting comes ahead of wage negotiations (March 18-20) .... these are "particularly important as a gauge for corporate price-setting behavior, according to Kuroda"
Note: The BOJ meet Monday and Tuesday (16 and 17 March)
- Their announcement i due from around lunchtime (Tokyo time) on Tuesday ... there is no scheduled time for the announcement
- Bank of Japan Governor Kuroda will give a press conference following the announcement, this will be at 0630GMT
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Earlier:
A preview of the Bank of Japan meeting and announcement on March 16 - 17
