Bank of Japan statement is due Tuesday – preview

<p>The Bank of Japan is meeting today and tomorrow.</p><ul><li>The Statement is due some time in the 0230 to 0330 GMT (2130 to 2230 US Eastern time) time window, the Bank doesn't have a set time for publishing</li><li>Bank of Japan Governor Ueda's press conference will follow at 0630 GMT (0130 US Eastern time)</li></ul><p>The BOJ is widely expected to maintain ultralow interest rates (indeed negative short term rates at minus 0.1%). </p><p>In the previous meeting, in October, the Policy Board decided to allow 10-year JGB yields to rise above the 1% ceiling. If there is a change in policy, a 'tweak', it'll be to the YCC ceiling. </p><p>The central question for the Bank is to assess whether prices are on track to hit the 2% inflation target sustainably and stably. For this the Bank wants to see wage rises and is awaiting the outcome of the Spring wage negotiations, or so it tells us.</p><p>BoJ Governor Ueda</p>

This article was written by Eamonn Sheridan at www.forexlive.com.