Citing sources familiar with the matter, Reuters reported on Friday that the BoJ is likely to acknowledge the negative impact of supply chain disruptions on exports.
"Risks to the economy have heightened," one of the sources told Reuters and mentioned the uncertainty regarding the timing of a full economic recovery from the pandemic.
Market reaction
This report doesn't seem to be having a significant impact on the JPY's performance against its rivals. As of writing, the USD/JPY pair was trading at 109.98, rising 0.25% on a daily basis.