Published at 01:50 (GMT) 27 Apr
FT: BoJ will be forced to cut its growth and inflation forecasts this week, but officials are signalling that extra economic stimulus is unlikely for now.
Japan's central bank is set to move its inflation forecast for the 2015 fiscal year down several tenths of a percentage point from the current 1% and shave its growth forecast from the current 2.1%, even as its quantitative easing programme buys Y80tn ($673bn) worth of bonds each year.
But despite a disappointing start to the year, with inflation dipping back to zero, BoJ Gov Haruhiko Kuroda has argued strongly that the BoJ's existing stimulus programme intended to boost inflation is on track.
On FX, all eyes on April 30 BoJ board meeting. Could see some lowering of forecast - but no extra easing. Though BoJ Kozo Yamamoto, architect of Abenomics - has piled pressure on BoJ to do more.
USD/JPY at 118.93-95, supported by Japanese fixing demand. Good bids at 118.50-60, offers at 119.00-10, stops above 119.10-15. More offers at 119.30-50.
AUD/JPY at 93.10-15, offers at 93.40-50, Japanese bids at 92.50-60. 2-way interest for now.
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