Bloomberg reports, citing people familiar with the matter
The report says that BOJ officials will assess the impact of recent measures taken up so far and don't see much of a need for any further action at next week's meeting.
Adding that the BOJ will stick with a more flexible approach in managing the yield curve, allowing for some fluctuation in 10-year JGB yields around 0% as targeted.
The sources also say that the BOJ believes it is in a position to sit tight and monitor developments, though it remains willing to take more action if necessary.
I don't think this comes as much of a surprise given recent market developments and this has been largely communicated by the BOJ in any case since their latest meeting in May.
