The Tell: 4 things to know about the Bank of Japan’s policy meeting

The Bank of Japan’s eagerly awaited monetary policy decision could shake global markets Wednesday, potentially stealing the spotlight from the Federal Reserve meeting that will conclude later in the day.

The BOJ decision is expected in the early afternoon Tokyo time — or around midnight Eastern — with BOJ Gov. Haruhiko Kuroda set to hold a news conference at 2:30 a.m. Eastern. Here are the key things to know:

‘Comprehensive’ review

The central bank surprised markets in July by announcing a “comprehensive” review of its monetary policy measures. The decision was seen as a potential signal that policymakers had misgivings over the effectiveness of its extraordinary monetary policy measures, including aggressive purchases of Japanese government bonds and exchange-traded funds and negative interest rates.

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