No change expected at the Bank of Japan policy meeting today: “I don’t think it is live”

Comments via Reuters from Carol Kong, currency strategist at Commonwealth Bank of Australia, on the BOJ meeting:

  • “I don’t think it is live,”
  • “I think the earthquake in Japan… really shifted market expectations toward the BOJ not normalising policy any time soon.
  • “So I don’t think today is going to bring any surprises in terms of the interest rate and (yield curve control) policy.”
  • “Markets will closely watch whether the BOJ will revise up the 2025 CPI forecast towards the 2% target or keep it steady at 1.7%,”
  • “What that number prints will signal a lot about whether or not the BOJ sees the lift in inflation being sustainable.”

I posted earlier on the Outlook report:

Other previews:

USD/JPY update:

This article was written by Eamonn Sheridan at Source