JAPAN DAYBOOK: Bank of Japan Policy, Fast Retailing Earnings

The Bank of Japan will announce results of a policy meeting. The yen fell against all major currencies yesterday, reflecting the view that the central bank will be forced to keep interest rates low as the nation recovers from the March 11 earthquake and tsunami.

WHAT TO WATCH *Bank of Japan policy announcement, time unspecified *Bank of Japan Governor Shirakawa briefing, 3:30 pm. *Fast Retailing (9983 JP) reports first-half earnings and provides a full-year forecast update. The retailer currently forecasts full-year net income of 51 billion yen. 3:01 pm *Seven & I (3382 JP) earnings, 3 pm

ECONOMY *Bank of Japan policy announcement, time unspecified *Bank of Japan Governor Shirakawa briefing, 3:30 pm *Foreign exchange reserves as of March, 8:50 am *International transactions in securities, weekly *Tokyo office vacancies for March, 11 am

GOVERNMENT *Chief Cabinet Secretary Edano morning briefing *Chief Cabinet Secretary Edano afternoon briefing *Opposition lawmaker Itsunori Onodera of Miyagi prefecture speaks at the Japan National Press Club, 5 pm. Miyagi boarders Fukushima, where Tokyo Electric Power (9501 JP) is struggling to bring damaged reactors under control

CORPORATE *Mobile phone companies’ February subscription figures, 1 pm

EARNINGS (Times are based on last earnings reports) *FamilyMart (8028 JP) FY 1:30 pm *Seven & I (3382 JP) FY 3 pm *Fast Retailing (9983 JP) 1H 3:01 pm

To contact the editor responsible for this story: Steven McPherson at smcpherson@bloomberg.net

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