Bank of Japan meet this week, July 27-28 – no change seen to yield curve control (YCC)

The Bank of Japan monetary policy meeting is this week. The ‘in a nutshell’ preview expectations is that there will be no tweak to YCC policy.

Earlier:

• October is now the month most cited as the likely timing for a BOJ policy change

• Bank of Japan Governor Ueda comments this week have watered down YCC tweak expectations

More previews are here, worth checking out!

• Weekly Market Outlook (24-28 July)
• Week ahead highlights include: FOMC, US GDP, PCE; ECB, BoJ; flash PMIs

Also, this via Reuters if you’d like more:

• “Inflation is accelerating more than expected. But the key is whether the increase is sustainable, which will depend largely on corporate profits and next year’s wage outlook,” one of the sources said. “YCC needs to end at some point. But the timing is probably not now,” said another source. “There are signs of change in Japan’s deflationary mindset. But it’s still sentiment-driven rather than something substantial.”

This article was written by Eamonn Sheridan at www.forexlive.com. Source