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Kuroda Team Likely to Keep Policy Steady
Tokyo - At Friday’s Bank of Japan (BoJ) monetary policy board meeting, the first after Prime Minister Shinzo Abe's electoral victory last week, policy settings will almost certainly remain unchanged. The ongoing weakening of the yen has given the bank some time to ponder its next steps. BoJ policymakers currently expect to see some results of the QQE policy and reach BoJ Governor Kuroda's (pictured) 2% inflation target “in or around” the next fiscal year, so there is no immediate pressure to ease monetary policy further. Moreover, "in terms of the composition of additional asset purchases, more signs of ... (full story)