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A weekend BBG sources report noted that as......>

BOJ: A weekend BBG sources report noted that as the "clock counts down to the
BOJ's July 31 policy announcement, officials are looking for ways to keep their
stimulus program sustainable while reducing the harm it causes in markets and on
the profitability of commercial banks BBG's reporting indicates that officials
are focused on coming up with adjustments to mitigate harm without doing
anything resembling a move to policy normalization. At this stage, there's
little likelihood of a significant change on July 31 to YCC or asset-purchase
settings said officials involved in discussions. Some officials said there's no
fundamental solution to side effects hurting commercial banks. Kuroda stuck to
his standard playbook on Saturday, declining to comment on the speculation (re:
recent source reports). "I know absolutely nothing about the basis for those
reports." It would be inappropriate to make remarks on the subject given the
proximity of the BOJ meeting, he said, adding that any policy decision will
require sufficient discussion about prices and the state of the economy."
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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