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BoJ Regime Change About To Start: 7 Polices To Expect

From efxnews.com

Markets' focus over the next few hours will be on the Bank of Japan's first meeting under new governor Haruhiko Kuroda. In that regard, Bank of America Merrill Lynch forecasts that this monetary policy meeting will result in a blend of easing policies that can be physically implemented and policies that work on expectations, ie, announce intentions with details/implementation later. All in all, BofA expects the BoJ to announce the following 7 polices: 1. Announcement of early introduction of an open-ended framework (FY13). 2. A suggestion of a forward-guidance framework. (such as “easing to continue until a 2% ... (full story)

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