BOJ staatement tomorrow – preview – “could probably send a subtle hawkish message “

ING with an ‘in a nutshell’ preview of the Bank of Japan statement due on Friday, 22 September 2023:

  • the BoJ is likely to stay pat
  • could however probably send a subtle hawkish message to the market after higher-than-expected inflation and a weak JPY, combined with rising global oil prices, pushed inflation up further.

I agree, while it seems unlikely that Bank of Japan Governor Ueda will pull the trigger on a policy tighten ing some sort of less dovish messaging from him would be welcomed by markets.

The BOJ don’t schedule a specific time for its statement. Expect it in the 0230 to 0330 GMT time window. This is 10.30 to 11.30 pm US Eastern time.

This article was written by Eamonn Sheridan at Source