I posted previews of the Bank of Japan policy review earlier:
While we await the announcement (expected sometime after 0230GMT) here is a piece from Reuters that worth a read for a little exrta:
- policy review ...will be more a fine-tuning of the BOJ's tools rather than on overhaul
- Rallying stock prices also give the BOJ a rare chance to "stealth" taper its huge purchases of exchange-traded funds (ETF)
Here is the link to the Reuters piece.
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The BOJ will not want any murmurings of 'taper' at all .... its keen to avoid the perception the review is in any way a winding back of policy accommodation.
ps. Kuroda's news conference will follow later on Friday, from 0630 GMT
