The Bank of Japan is scheduled to meet on September 19-20. The announcement will be made sometime between 0230 GMT and 0330 GMT on Friday (no firm time):
- 2230 – 2330 EST
The last speech we heard from the Bank of Japan was hawkish (well, relatively hawkish for the Bank of Japan):
- Asia-Pacific Forex News Brief: Yen Hits 8-Month High After BOJ Comments
- Asia Pacific Forex News Brief: USD/JPY Swings Again After BOJ Comments
The Bank of Japan is currently looking to:
- Core CPI has remained above the bank’s 2% target for more than two years.
- Nominal wages rose rapidly, and real wages also rose positively.
- The Japanese government has reintroduced energy subsidies, which should help boost discretionary spending.
At this week’s meeting, the bank will leave short-term interest rates unchanged. It is not expected to raise interest rates again before December.
This article was written by Eamonn Sheridan on www.forexlive.com.