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BOJ keeps ultra-easy policy, focus shifts to Ueda's briefing
The Bank of Japan maintained ultra-easy monetary settings on Tuesday in a widely expected move, as policymakers allow more time to determine whether wage increases will broaden enough to keep inflation sustainably at its 2% target. However, underlining its growing conviction that conditions for phasing out its massive stimulus was falling into place, the central bank said the likelihood of the economy achieving durable 2% inflation continued to "gradually rise". Traders are focusing on any clues by governor Kazuo Ueda on how soon the BOJ will pull short-term rates out of negative territory, which is seen as the next ... (full story)