### Bank views on BoJ rate announcement later...>

BOJ: ### Bank views on BoJ rate announcement later in the session:

- Barclays: We expect current policy to remain intact, but will be looking for

evidence of a change in the tone of the policy dialogue, possibly reflecting the

more dovish bias of the Policy Board following the replacement of two members.

- Daiwa: With the economy performing reasonably well but inflation still far

below the Bank's target, there is no realistic prospect of the Bank adjusting

either its policy rate or its 0% target for the 10-year JGB yield. Therefore,

most interest will centre on the tone of the Bank's post meeting statement and

comments made by Kuroda at the post-meeting press conference, but we do not

expect to see any hints of possible future policy shifts.

- Goldman Sachs: We expect the status quo. The September MPM marks the debut of

two new policy members. We think for now they will vote in line with Kuroda. 

- - HSBC: BoJ is likely to maintain its stance, keeping the 10yr JGB yield

anchored around 0%. While the BoJ has reduced its pace of buying JGBs over

recent months, a slower pace does not impair the Bank's ability to keep the

10-year yield at around 0% nor its extremely easy policy stance.