I get the question a lot, “What time is the Bank of Japan announcement due?”
The answer is always the same, the BoJ doesn’t have a scheduled time for their Statement, never do.
Experience indicates to expect it sometime in the 0230 – 0330 GMT (2130-2230 US Eastern time) time window.
Bank of Japan Governor Ueda will follow up with a press conference. This is scheduled. At 0630 GMT (0130 US Eastern time).
The BoJ is widely expected to leave rates on hold today.
Earlier previews:
BOJ is expected to hold its policy rate at 0.25% in its December 18-19 meeting – previewBOJ reportedly sees little cost to waiting for next rate hikeBOJ reportedly erring towards keeping interest rates unchangedBOJ reportedly considers skipping rate hikeBOJ to raise interest rate to at least 0.50% by end-March, 51 of 52 economists sayGoldman Sachs expect the Bank of Japan to remain on hold at 0.25% at the December meetingThis snapshot from the ForexLive economic data calendar, access it here.The times in the left-most column are GMT.The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.I’ve noted data for New Zealand and Australia with text as the similarity of the little flags can sometimes be confusing.
This article was written by Eamonn Sheridan at www.forexlive.com.
