BOJ to keep its policy stance intact on Thursday - Barclays

FX Strategists at Barclays provide their insights on what to expect from Thursday’s BOJ monetary policy review.

Key Headlines:

The BOJ is expected to keep its policy stance intact at its policy meeting this week.

In addition, Barclays expects the BOJ to leave its real GDP growth forecasts largely unchanged while lowering its core CPI projections, especially for FY17.

"Furthermore, the BoJ’s announcement of its JGB purchase plan for May (Friday) will be watched after reduction in the recent month. We expect it to keep buying ranges unchanged given that recent buying amounts have been at or above the middle of the ranges announced in April for all sectors and that"