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Signs The BOJ Could End YCC
BOJ Governor Kazuo Ueda has repeatedly said that there are no changes to monetary policy planned for now, but the data line up is showing a different picture. The BOJ announced it was conducting a review of monetary policy, which isn’t expected to be concluded until next year. Comments from the central bank have doubled down on the narrative that no changes will happen until that review is concluded. But, it’s not unusual that reality interrupts central bank plans. This week has brought a trove of data from Japan in the lead-up to the release of inflation figures tomorrow. Many of them have surprised to the ... (full story)