While wages are rising and inflationary pressure is building, the BOJ is in no rush to dial back stimulus given risks of slowing overseas growth and uncertainty on whether wage rises will be sustained next year
“With inflation yet to sustainably hit its target, the BOJ can be patient” in contemplating tweaks to yield curve control, one of the sources said, a view echoed by two other sources.
With inflation exceeding its 2 per cent target, investors have speculated that the BOJ will soon phase out or end YCC, which some argue has distorted bond market pricing and crushed financial institutions’ profits. The sources said that at next week’s meeting the BOJ is also likely to make no major tweaks to its forward guidance, including its pledge to keep interest rates at “current or lower” levels.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
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