What to expect is pretty much nothing. Here are some bank previews I have already posted:
- Quick preview of the BOJ meeting this week
- Bank of Japan policy announcement due Tuesday - preview
- Bank of Japan previews (announcement likely Tuesday from 0230 GMT)
- BOJ preview - BoJ likely to maintain extremely easy monetary policy
You can see from those its pretty much a zero expectation day for change. But, you never know. At some stage I am waiting for the Bank to acknowledge the 80tln yen but target has been abandoned as irrelevant under YCC. But I have been saying this for, like, ever (well a good few months at least) and so Mr. Kuroda has not taken my sage advice, LOL
Anyway, like I say, you never know, so it'll be important to stay tuned for the announcement. "When is it?" I hear you ask. Well, you know, the Bank of Japan does not schedule a time for the release of their Statement. Past experience suggest sometime after 0230 GMT, usually in the 0230 to 0330 GMT time window. Experience also suggests that for a meeting where no change in policy will be announced (no change is the expectation today) the result will be earlier in that time window rather than later.
