Barclays have said this prior to results from...>

BOJ: Barclays have said this prior to results from the Monetary Policy Meeting:

"We expect current policy to remain intact by a majority vote. One focus will be

whether Policy Board member and QE advocate Kataoka, who dissented at the

previous MPM, will propose further easing in his favored policy area. However,

any room to expand QE may be limited based on JGB supply and demand. In its

quarterly Outlook Report, we expect the BoJ to lower its above-consensus

projections for core CPI inflation in both FY17 (currently 1.1%) and FY18

(1.5%), while leaving its real GDP growth forecasts largely intact. As the

disconnect between the economy (GDP growth) and prices (CPI inflation) becomes

increasingly visible, we believe the BoJ may eventually need to redefine its

price stability target as a medium-/long-term anchor for managing monetary

policy rather than as a target with an explicit ETA."