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Bank of Japan expected to keep policy steady, may downgrade forecasts

From xm.com

The Bank of Japan will conclude its two-day policy meeting on Thursday and will be publishing its quarterly outlook report along with its decision statement. The Bank does not provide a precise time for its announcement, but they tend to be made around 0300 GMT. As the global economic slowdown continues to drag on Japanese exporters, policymakers are in a bind as after years of easy monetary policy, inflation is far below the BoJ’s 2% target and growth remains sluggish. The Bank is expected to keep policy unchanged in April with limited reaction anticipated in the yen. There was some good news for the BoJ on Friday ... (full story)

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  • Category: Fundamental Analysis