Exclusive: BOJ To Offer Brighter View On Economy, Output On Signs Of Pick-up – Sources

“It’s clear the economy is bouncing back from a severe downturn in April-June, which was blamed largely on lock-down measures to contain the pandemic,” one of the sources said, a view echoed by two other sources.

The BOJ is set to keep monetary policy steady at the rate review, after having ramped up stimulus twice this year to cushion the economic blow from the pandemic.

On the current state of the economy, the central bank is likely to say that while conditions remain severe, there are some signs of a pick-up, according to the sources.

The view would be more upbeat than the assessment made in the BOJ’s previous meeting in July, when it said the economy remained in an “extremely severe state.”