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Just looking at the latest BoJ sources piece....>

BOJ
BOJ: Just looking at the latest BoJ sources piece from BBG in some more detail.
- The headlines noted that "some at the BOJ are said to doubt the effectiveness
of stronger guidance" with a reference to next week's MonPol decision.
- Looking at the details the story suggests that the sources are referring to a
move in forward guidance in isolation. They are worried that a bolstering of the
pledge would highlight that the Bank's firepower is limited and may backfire.
- The sources also noted that they do not want to tweak the forward guidance
regularly, but would accept a change next week if pressed.
- This doesn't appear to be much of a game changer, JPY crosses and JGBs have
looked through the headlines.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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