JPY: Two Focuses In This Week's BoJ Meeting – Barclays

Barclays Capital Research outlines two focuses of the BoJ meeting on Friday.

1) Potential changes to their economic assessment. (2) Governor Kuroda’s comments on exit strategy communications (if any).

With regards the former, media reported hat the BoJ may revise up its economic assessment from the current “turning toward a moderate expansion”, given the sound growth momentum (although it may not come until the next July meeting where they will update their economic forecast).

With regards the latter, Kuroda’s comments around communication on exit strategy will be watched (if asked at the press conference) as the markets were hit by the headline on the topic. Having said that, we still find it unlikely that they will provide much information at this stage,” Barclays calrifies.

Source: Barclays Research

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