As a reminder in European hours we released a...>

BOJ: As a reminder in European hours we released a sources pieces which noted

that Bank of Japan officials are cautiously watching the dampening effects of

the recent yen rise on growth and inflation but a gradual yen rise alone is

unlikely to prompt the central bank to consider easing more as it lacks

effective policy tools, sources familiar with BOJ thinking told MNI.

- The piece noted that if the dollar shows a sign of falling below Y100, BoJ

officials will be seriously worried about its negative impact on the economic

recovery mechanism and a further delay in the timeframe of achieving the bank's

2% inflation target from "around fiscal 2019." If BOJ policymakers believe that

the inflation momentum is at risk, they may consider additional easing, although

policy options are limited.

- For Full Story See "BOJ Unlikely To Act on Yen; Tools Limited" Main Wire At

11:16 GMT Mar 28.