Search ForexCrunch

The Societe Generale analysts offer a sneak peek at what to expect from Thursday’s Bank of Japan (BOJ) monetary policy announcement due around 0330 GMT.

Key Quotes:

“The BoJ policy board will likely decide to maintain its current monetary easing framework at the April monetary policy meeting on 24-25 April.  

In the new outlook report, the policy board will likely maintain its positive assessment of Japan’s underlying economic strength, while continuing to be cautious of the recent weakness in economic data.  

However, the policy board will continue to indicate that once technical downward pressures fade, the economy and prices should return to a steady growth path. Furthermore, the new FY21 growth and CPI forecast will likely indicate that growth will continue to grow around the potential growth rate while prices will pick up toward the 2% target.”