Bank of America: Trade Agreement Reduces Uncertainty, Bank of Japan May Adjust Policy Stance This Week
According to ChainCatcher, citing Jinshi News, economists at Bank of America stated in a report that the Bank of Japan may signal a shift toward a less dovish stance.
The market generally expects the Bank of Japan to keep its policy rate unchanged at 0.5% at this week’s monetary policy meeting. However, considering the recent trade agreement reached between Japan and the United States, the central bank may adopt a less dovish tone. This agreement has reduced a major source of uncertainty, which the Bank of Japan had previously cited as a reason for delaying policy tightening.
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