BOJ monetary policy meeting this week - preview (on hold expected)

I posted yesterday on the Bank of Japan meeting this week:

• BOJ meeting this week - preview (spoiler - unlikely to ease further despite virus wave)

Also on the policy review coming up for March:

• BOJ to consider allowing JGBs a wider range, but maybe not until March

Adding now this snippet from ING (bolding is mine):

• The worsening Covid situation in Japan will no doubt be weighing on the BoJ minds, as will deflation (which may get worse when the December CPI figure is released on Friday).
• No fresh easing is expected from the BoJ and instead speculation is growing that the BoJ will scale back its ETF stock buying programme - given the strength in equities and the BoJ's substantial ownership of this ETF sector