Ahead of tomorrow's BoJ rate decision NAB.......>

BOJ: Ahead of tomorrow's BoJ rate decision NAB note as with the ECB, the market

expects no change to the policy stance, particularly given that Japanese

inflation remains below target. That said, markets will be looking for any clues

on the BoJ's intention for QE over the next year, particularly given the BoJ's

reduction in long-dated bond purchases last week.

- ANZ say speculation about policy tightening from the Bank of Japan has gained

momentum; especially, since it reduced its purchases earlier this month.

However, they think that cutback was merely a reaction to the recent flattening

of the super-long JGB yield curve. As such, ANZ think the BoJ will keep its

monetary policy unchanged at its next meeting and reiterate its commitment to

the yield curve control.