BOJ Policy Announcement Preview

Original post

Submitted by RanSquawk

The Bank of Japan will conclude its latest 2-day policy meeting on Friday in which consensus is for the central bank to maintain NIRP at -0.10% and keep QQE with YCC unchanged in which it will purchase JGBs so that 10yr JGB yields remain around 0% with some flexibility. The BoJ is also expected to maintain forward guidance of keeping rates at current extremely low levels for an extended period of time considering the uncertainties related to the economy and prices including the impact from the scheduled sales tax hike later this year.

The latest comments from BoJ officials have not deviated much from their all too familiar rhetoric which suggests the central bank is unlikely to

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