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Bank of America: Trade Agreement Reducing Uncertainty, Bank of Japan May Adjust Policy Tone This Week
Summary: According to sources, Bank of America economists stated in a report that the Bank of Japan may signal a shift towards a less dovish stance. Market expectations are for the Bank of Japan to maintain its policy rate at 0.5% at this week's monetary policy meeting. However, considering the recent trade agreement with the United ...
According to sources, Bank of America economists stated in a report that the Bank of Japan may signal a shift towards a less dovish stance. Market expectations are for the Bank of Japan to maintain its policy rate at 0.5% at this week's monetary policy meeting. However, considering the recent trade agreement with the United States, they may adopt a less dovish tone. The agreement has reduced a significant uncertainty, which the Bank of Japan has cited as a reason for delaying tightening policies.
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Link: Bank of America: Trade Agreement Reducing Uncertainty, Bank of Japan May Adjust Policy Tone This Week [Copy]
