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BoJ: No change in policy tomorrow? – TDS

Analysts at  TD Securities and unanimous consensus expects no change in policy from the BoJ (policy rate -0.1%, 10y target zero).

Key Quotes

“Recent comments from BoJ Governor Kuroda highlight that further easing could be contingent on the JPY. If the JPY strengthens BoJ could consider options such as further lowering short term rates, buying more assets, increasing the monetary base or cutting the long term yield target. None of these are likely to be on the table as the JPY has weakened from 108 to 112 so far this year.”

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