THIS NIGHT: The decision on the monetary policy of the Bank of Japan!
Dear traders,
- This night at 4:30 (preliminary) (Kiev) will be published report on the monetary policy of the Bank of Japan and the Bank of Japan’s decision on the interest rate.
- At 8:30 in the morning the Bank of Japan will hold a press conference!
It is forecasted that the Bank of Japan will not make any changes to its monetary policy in the report after the two-day meeting, which will be published on Thursday. Good data on export volumes and on consumer spending improve forecasts for moderate economic growth.
According to forecasts of most analysts, the Bank of Japan will keep the current inflation forecast. The decline in consumer price growth is due to such factor as corporate efforts to increase productivity.
After the announcement of the decision on the interest rate, the Governor of Japan Haruhiko Kuroda will hold a press conference. Most likely, the Bank of Japan in its decision will remind the market of its decision to maintain a super soft monetary policy as long as inflation is at a level below 2%.
Market analysts predict that the Bank of Japan will keep unchanged the short-term interest rate and profitability of its 10-year bonds without changes, at least until the end of the second half of 2019. Most economists believe that the central bank of Japan will begin to reduce the financial incentive program in late 2018 or even later.
We remind you that you can always get acquainted with upcoming news in the Economic Calendar, as well as in the daily market review on our official YouTube channel.
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