TD Research discusses its expectations for this week's BoJ policy meeting.
"This meeting is likely to be uneventful. At its March meeting BoJ announced tweaks to policy following a long-awaited review. Nonetheless, growth risk have increased, with a third state of emergency issued in Tokyo, leading to fears of a double-dip recession," TD notes.
"As such BoJ will likely sound cautious on domestic demand, potentially making some changes to its growth outlook," TD adds.