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The Bank of Japan on Friday is set to project inflation will stay near its 2 per cent target in coming years and signal its readiness to raise interest rates from near-zero, in hope of keeping yen bears from pushing the currency to fresh 34-year lows. Recent threats of intervention by Japanese authorities have failed to arrest the yen's slide against the ...
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The economy is slowing down, but the outlook is not as bleak as the GDP headline figure suggests. Instead, the report tells a nuanced story of where things stand. Why it matters: The first quarter's 1.6% annualized growth rate confirms that the economy is not reaccelerating to start 2024. • Meanwhile, there are warning signs that inflation rebounded, which ...
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