BoJ Preview: Forecasts from nine major banks, YCC tweaks are possible BOJ Japan InterestRate USDJPY Banks
The Bank of Japan will hold its Monetary Policy Committee meeting on Friday, July 28 and as we get closer to the, here are the expectations forecast by the economists and researchers of nine major banks.
Will the BoJ tweak its policy on Friday? Despite likely inaction of the Japanese central bank, some banks expect theWe expect the BoJ to keep the policy rate unchanged. While some market participants are expecting a change in YCC amid JPY weakness, we think the BoJ will adopt a wait-and-see stance for at least the next couple of months. Considering Japan’s long-standing deflation, the BoJ may want to remain dovish for now.
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