Disliked{quote} BoJ actually announced it or? I got tired of all the fakeouts, so haven’t taken them seriously in a long time. Stakeholder capitalism or classic capitalism. Banks or stakeholders, state or market. You proably know it better than i do,Ignored
Now, market expected that if wage talks go well that BoJ will have a green light to start hiking rates as they would finally break out of deflationary mindset they've been dealing with for the last decade. Wage talks went better than expected...
Now, after wage talks were concluded let's say, then the news came out which resulted in a big drop in JPY against other currencies:
JAPAN'S GOVT AND THE BOJ TO KEEP JOINT STATEMENT INCLUDING MAINTAINING 2% PRICE TARGET
I think this means 2% is still not achieved according to Ueda and other BoJ officials.
I think we're looking at the April rate hike. BOJ Outlook Report is in April as well, so it makes sense for BoJ to wait for one more month before changing the policy.
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