“Bank of Japan to outline bond taper plan, debate rate hike timing”

Reuters have a piece posted that is a pretty good run down if you want another preview.

Earlier:

• Bank of America expect a Bank of Japan rate hike today … see USD/JPY to (eventually) 145

• Bank of Japan Decision Day: Will Rates Rise or Hold Steady?

Overnight was leaky:

• BOJ to discuss hike to 0.25% – report
• Another Bank of Japan leak says 0.25% is under consideration
• Nikkei reiterates the worst kept secret. BOJ considering hike to 0.25%
• Forexlive Americas FX news wrap: Bank of Japan leaks the possibilty of 15 bps hike

The Bank of Japan will detail plans to taper its huge Japanese Government Bond buying today.

• will likely halve monthly bond buying in 1-1/2 to two years’ time – a pace roughly in line with broad market forecasts

They’ll also be debating whether to raise interest rates. See those posts on the leak above. Talking about hiking is not necessarily the same as hiking, of course.

Not everyone agrees there will be a hike. This is from before those leaks above:

• 5 reasons the Bank of Japan should be wary of hiking rates this week

• MUFG worry that lack of BoJ guidance on this week’s meeting means no rate hike until Dec

Bank of Japan Governor Ueda will hold his press conference at 0630 GMT

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