March 12 and 15, with the announcement on Friday. Note, as usual there is no scheduled time for the statement
- 0230-0300GMT is a good bet, but I'll have more on this in Friday
Earlier previews here:
- Bank of Japan meeting this week - Goldman Sachs preview - lowered assessments
- ANZ: Bank of Japan meet this week - preview
Comments via Daiwa:
- Governor Kuroda's recent comments suggest that policy settings are bound to remain unchanged
- disappointing economic dataflow clearly merits a less upbeat assessment in the Bank's commentary
- Reports last week suggested that the BoJ will revise down its assessment of IP and exports
- Against this backdrop, Kuroda will no doubt reiterate in his post-meeting press conference that the BoJ retains several options to ease monetary policy further if necessary at subsequent meetings.
- But while dovish Board member Harada pledged in the past week that the BoJ would take action without delay if the downside risks to the economy and inflation materialise, for most Board members the bar is likely to be high to justify adding further policy accommodation.
- Given concerns about increasing negative side effects on the financial sector, a substantive adverse shock, rather than just a softening of the growth outlook and continued sub-target inflation, would likely be required for the BoJ to pull the trigger on new easing measures over the near term.
(bolding mine)