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BOJ Decision-Day Guide: Kuroda Faces Balancing Act on Message
Bank of Japan Governor Haruhiko Kuroda faces a communication challenge: expressing his usual confidence that inflation is headed to the central bank’s target while cooling speculation that the first step in normalizing policy is nearing. After a two-day policy meeting ends Tuesday, investors are sure to scrutinize Kuroda’s words and the latest price and economic growth forecasts for signs that the BOJ is closer to joining its global peers in dialing back its ultra-loose monetary policy. All 43 economists surveyed by Bloomberg expect no policy change this week. Yet expectations are rising for future action. While ... (full story)
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- Doc_kirbs
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