BOJ Decision-Day Guide: Betting on Economic Rebound This Summer

(Bloomberg) -- The BOJ is forecast to maintain its unprecedented monetary stimulus on Friday, as the economy shows signs of stumbling.

* Governor Haruhiko Kuroda’s take on prospects for a rebound

this summer are in focus; officials see no need for now to

add easing, given an anticipated pickup in consumption and

exports, people familiar with the matter said this week * The BOJ’s policy announcement usually comes early in the

afternoon; Kuroda’s press conference is set for 3:30 p.m. in

Tokyo * Following are key points to watch:

* Policy decision - the central bank will keep policy

unchanged, according to all 37 economists who responded

to a Bloomberg survey

* Kuroda’s take on the economy - economists at Barclays

and JPMorgan Chase are among those forecasting that

Japan’s economy shrank in the three months through June,

with the latest median estimate in a Bloomberg survey

for a 1.8% annualized drop after two quarters of growth

* Inflation gauges - the BOJ’s decision to also highlight

an inflation gauge that strips out the effects of fresh

food as well as energy caused a stir after last month’s

policy meeting

* Impact of oil - oil prices fell to six-month lows this

week and that could be a concern for the central bank

For Related News and Information: BOJ Is Said to See Summer Pickup Critical After Spring Slowdown Japan’s Economy Shrank Last Quarter, Top Forecaster Says Kuroda Says Policy Can Spur Inflation to Goal as BOJ Cuts View Global economy watch: GEW <GO>

To contact the reporters on this story: Toru Fujioka in Tokyo at +81-3-3201-2158 or tfujioka1@bloomberg.net; Masahiro Hidaka in Tokyo at +81-3-3201-3564 or mhidaka@bloomberg.net To contact the editors responsible for this story: Brett Miller at +81-3-3201-3528 or bmiller30@bloomberg.net Arran Scott

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