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REPEAT: POV: NO FIREWORKS FORESEEN, RINBAN IN...>

BOJ
BOJ: REPEAT: POV: NO FIREWORKS FORESEEN, RINBAN IN FOCUS
- THIS TIME: No change expected at Friday's MonPol decision, focus is on the
presser with Kuroda very aware of the risks surrounding miscommunication.
- LAST TIME: The BOJ scrapped its timeframe for achieving its 2% inflation goal
and Kataoka called for additional easing, he is a persistent dissenter.
- INFLATION: Slow consumer price gains continue to disappoint BOJ board members
and officials but the board is set to maintain its bond yield targets as the
momentum toward hitting the 2% infln target, although weak, remains intact,
according to sources familiar with the BOJ policy-making process. For full story
see MNI Main Wire at 05:06 BST 06/12.
- TRADE WARS: BOJ officials see a slump in the European Union as a more
immediate risk to Japan's modest economic recovery than the longer-term drag of
U.S. trade disputes, sources familiar with BoJ thinking told MNI. For full story
see MNI Main Wire at 05:36 BST 06/07.
- RINBAN: There will likely be questions regarding Rinban ops at the press
conference. The BoJ has trimmed the 3-5 & 5-10 Year buckets since Apr decision.
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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