What to expect from the BoJ summary of opinions this morning ...Middle East

The report should give us a better understanding of what the board members were thinking. In June, the BoJ decided to keep its short-term policy rate steady at 0.0%-0.1%, which was expected. But they threw a curveball by not starting to taper their bond purchases as some had anticipated. Instead, they decided to stick with the March levels and push the decision on a bond-buying reduction plan to their next meeting in July.Even though they delayed the tapering, the BoJ did signal that they plan to cut back on bond purchases over the next 1-2 years. The BoJ also scheduled a meeting with bond market participants for July 9-10 to discuss their policy decision.Governor Ueda mentioned in the post-

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