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BOJ Beat: Kuroda Will Stick With His Bazooka on 1st Anniversary
Despite concerns a higher sales tax will damage the economy, the Bank of Japan remains confident that the massive easing program it launched a year ago is on track to achieve its inflation goal without any additional measures at next week’s policy meeting. Tuesday’s tankan poll of business sentiment showed companies of all sizes are growing increasingly wary over the outlook for the economy, but the BOJ sees an improving labor market, rising wages at major companies, and rising inflation expectations as factors supporting its efforts to achieve 2% inflation by spring of 2015. Even if the bank does need to take ... (full story)
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Buy when everyone else is selling and sell when everyone else is buying !
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