Despite the dovish shift in G10 monetary........>

BOJ: Despite the dovish shift in G10 monetary policy in recent months, the BoJ

does not face immediate pressure to ease monetary policy at this week's meeting.

Although the economy is not firing on all cylinders, nor has there been sign of

substantial further deterioration in economic data. And even though inflation

remains far from target, persistent underlying concerns about the scale of

existing intervention policies and the potential impact on financial stability

have tempered the BoJ's proclivity to intervene.

- Neutral: The BoJ makes no adjustment to policy rates or forward guidance.

- Dovish surprise: Official forecasts for growth and inflation are revised down

and forward guidance on policy rates is adjusted in a dovish direction.

- Hawkish: The BoJ makes no changes to its policy stance and indicates that it

expects economic activity to pick and inflation to gradually return to target.