Goldman Sachs on the Bank of Japan
, keeping the shortterm policy rate at -0.1% and the long-term (10-year) yield target at around 0%.
We expect the Bank of Japan (BOJ) to maintain current monetary policy at its October 31-November 1 Monetary Policy Meeting
Our impression from the BOJ’s "comprehensive assessment" in September and the adoption of an "inflation-overshooting commitment" is that the BOJ’s bias toward maintaining the status quo has strengthened, as we discuss in more detail in Q4.
