Bank of Japan Preview: Forecasts from eight major banks, BoJ to maintain the status quo and remain dovish
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The Bank of Japan (BoJ) will hold its Monetary Policy Committee (MPC) on Tuesday, January 23 and as we get closer to the Interest Rate Decision, here are the expectations forecast by the economists and researchers of eight major banks. The BoJ will release its Outlook for Economic Activity and Prices, i.e. its Outlook Report at the same time.
No tweak in the Yield Curve Control (YCC) and no change in easy monetary policy are anticipated by market participants as recent events put the BoJ in a difficult spot to advocate any significant shift in its ultra-easy monetary stance.
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