The Bank of Japan two-day meeting concludes today, there is no scheduled time for their announcement
Past experience suggests we can expect it in the 0230GMT to 0330GMT time window. In fact, let me just ...
2015
21 January 12.29pm 0329GMT
18 February 11.49am 0249GMT
17 Mar 12.04pm 0304GMT
8 Apr 12.36pm 0336GMT
30 Apr 1.04pm (one day meeting) 0404GMT
22 May 11.49pm 0249GMT
19 Jun 12.04pm 0304GMT
15 Jul 12.18pm 0318GMT
7 Aug 12.18pm 0318GMT
15 Sep 12.07pm 0307GMT
7 Oct 12.00pm 0300GMT
30 Oct 12.22pm (one day meeting) 0322GMT
19 November 2015 12.17pm 0317GMT
18 December 2015 12.51pm - added tiny easing 0351GMT
-
2016
29 January 12.38pm 0338GMT - added easing (negative interest rate)
15 March 2016 1235pm 0335GMT
OK, those are the times in the recent past.
As a general guide (an imperfect one), the later the announcement comes, the more likely the bank is to be changing policy. (When it comes to the BOJ, 'changing policy' is a euphemism for MOAR EASING!!!)
So, there you go. 0230 to 0330 GMT, sorta around there.
But, what of the 2nd question in the post headline ... "What will they announce?"
I'm going to throw that open to ForexLive traders. (That's my euphemism for I have no idea what they'll announce, whadda you think???)
The arguments for more easing, deeper negative rates, more asset purchases etc. (for example) can be made. On the other side of the argument, recent yen strength has been a bit of a backfire for the negative rate policy (although the Nikkei has performed better, except the banking sector) ...
Perhaps the prospect of enhanced fiscal action from the government keeps the BOJ on hold today.
What says ForexLive?
