The Bank of Japan (BOJ) will discuss on Friday conducting a comprehensive examination of its past monetary easing steps and revise its guidance on the future policy path, the Nikkei newspaper reported.
The board may also modify one of its forward guidance pledges to take additional monetary easing steps "without hesitation" with an eye on the impact of the pandemic, the sources have said.
Enhancing the BOJ's communication with markets may be the first task the former academic will work on in differentiating himself from his predecessor Haruhiko Kuroda, some analysts say. Much is riding on how the BOJ manages an eventual transition away from the loose policy of the Kuroda era, withhigher Japanese interest rates could trigger capital flight and reshape financial markets in ways they are not prepared for.
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