The Bank of Japan meet on July 28 and 29. The policy announcement due on Friday (Japan time) July 29.

  • Bloomberg's survey conducted July 15-22 found 32 of 41 analysts forecast the BOJ will expand their stimulus program
  • That is the highest percentage of respondents in any poll since his first decision more than three years ago
  • An increase in purchases of exchange-traded funds remains the most likely area for a boost
  • Followed by a deeper cut in the negative interest rate applied to a portion of the money that commercial banks deposit at the BOJ
  • Just under half of the respondents said Kuroda would accelerate buying of government bonds