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Bank of Japan (BoJ) Preview: Outlook Report to Provide Fresh Update
The BoJ monetary meeting this week will see the release of its outlook report, where updates on economic activities and prices will be observed. While Covid-19 risks are currently taking a backseat in Japan, supply constraints are putting a cap on production output for its export-reliant economy. A plunge in autos shipments has led to a slowdown in export growth to 13.0% in September, down from 26.2% in August. With that, the central bank may refrain from any premature policy tightening, with accommodative policies to remain for the foreseeable future. Consensus expectations point towards the BoJ keeping in place its ... (full story)