BoJ to retain current policy by a majority vote – Barclays

Dhwani Mehta FXStreet

The Research Team at Barclays offers its brief preview on what to expect from the outcome of the 2-day BOJ monetary policy meeting concluding on Thursday.

Key Quotes:

“We expect the BoJ to retain current policy by a majority vote.

That said, CPI inflation continues to lag GDP growth, and how the BoJ manages its policies centered on YCC will remain in the spotlight.

One focal point will be whether Policy Board member Kataoka, who highlighted the effectiveness of easing policies at the last meeting, proposes any concrete actions.

In his post-MPM press conference, Governor Kuroda will have a chance to express his views on any proposals for further easing and, indeed, speculation around the prospect of normalization.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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