Bank of Japan meeting this week - Goldman Sachs preview - lowered assessments

The Bank of Japan meet March 14 and 15 (Thursday and Friday this week)

Says GS:

We expect the BOJ to maintain the status quo in all categories of monetary policy

• Specifically, we expect the BOJ to maintain its short-term policy rate target of -0.1% and 10-year yield target of 0% (leaving the band for 10-year yields at ±20 bp) and make no changes to its program of ETF and other risk asset purchases.
• Also, we expect the BOJ to maintain its long-term JGB purchase guideline of increasing its net holdings at a pace of about ¥80 tn per year.

More:

• discussion at the meeting will focus on evaluating January data, especially production and export data, which were notably weak
• the BOJ will likely need to lower its production and export assessment, in our view, while it is likely to maintain its overall economic assessment.

(bolding mine)