BoJ: Watch out for any tweaks in the monetary policy statement - UoB

Analysts at United Overseas Bank Limited (UOB) provide a brief preview of the Bank of Japan (BoJ) monetary policy decision due to be announced any time soon.

Key Quotes:

“Among the G10 central banks, the Bank of Japan (BOJ) continues to be the least likely to normalize its easy monetary policy anytime soon.

We think that the BOJ may still need to do more "tweaks" to reassert its easy monetary policy position, just like the July 2018 MPM. We cannot rule out that the "tweaks" may be brought forward to Dec 2018. “